Friday, 16 October 2009

The Black Swan

Yesterday afternoon I started reading the book "The Black Swan" by Nassim Nicholas Taleb.

This is the synopsis of this non-fiction book:

What have the invention of the wheel, Pompeii, the Wall Street Crash, Harry Potter and the internet got in common?

Why should you never run for a train or read a newspaper?

What can Catherine the Great\'s lovers tell us about probability?

Why are all forecasters con-artists?

This book is all about Black Swans: the random events that underlie our lives, from bestsellers to world disasters. Their impact is huge; they're nearly impossible to predict; yet after they happen we always try to rationalize them. A rallying cry to ignore the 'experts', The Black Swan shows us how to stop trying to predict everything and take advantage of uncertainty.

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