Nassim Nicholas Taleb’s "The Black Swan" is an incredible book. I give it my highest recommendation, I now have a new hero.The Black Swan shows how our society, how our experts, consistently fail to consider the effect of events that are unpredictable but totally game changing. The point is to know where we are exposed, not to sweep things under the carpet using the misapplication of mathematics and statistics based on past events.A Black Swan is an event that is many magnitudes outside of the expected. We can become less of a "sucker" to these types of events, and also o[...]
Read More...
[Source: The Money Blogs]
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment