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Black Swan

Updated on July 18, 2011

Black Swan is the name of a book written by an author named Nassim Taleb who used to work as a trader and later devoted his life to being immersed in the concepts of luck and uncertainty in probability and knowledge. He was the Dean's Profesor in the Uncertainty Sciences at the University of Massachusetts at Amherst and has published another best selling book prior. According to sources he lives mostly in New York.

The book is about the impact of that which is highly improbably and does very well in showing why people are less capable of deriving a better understanding of uncertainty and shows why things that almost everyone believes are impropable and will not happen, are actually but an eventuality that is about to swallow them up in whole. Although many names and terms and jargons are thrown, the examples are at the end pleasantly down to earth and relevant, as well as practical, though further depth would have done more justices to the concepts being elaborated upon.

Of interest was the special care taken to understanding the ideas of luck and more interestingly the notion that of all the ideas of equality and fairness that luck would at the end be the allocation that is the most fair.

Yeah, it was the Black Swan's fault that was the many items that led to collapse, it seemed to be a rallying scape goat.

But ultimately inadequate.

It had a good start but tailed off too fast and failed to go deeper into interesting concepts as well as certain logical extensions and conclusions. Perhaps that may be remedied in a new book but that is for time to tell and readers to wait and see.

It was a tad unsatisfying to read the end of the book with so many questions left open and unanswered. And it ended with the two words black swan in the epilogue.

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    • Csjun89 profile imageAUTHOR

      Csjun89 

      8 years ago

      Its a good book but it takes a while to get into!

    • Lady_E profile image

      Elena 

      8 years ago from London, UK

      Sounds like a deep book, but I wouldn't mind getting my hands on it. I love reading.

      Thanks for sharing this.

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