Yet nothing is truly ever known for certain. This stems from our excessive focus on what we know for ‘certain’. We tend to learn the precise, not the general.“Making a naïve observation of the past as something definitive or representative of the future is the one and only cause of our inability to understand the Black Swan.”.The Journal write up also includes important messages and crucial passages from the book. Written informally, the notes contain a mesh of quotes and my own thoughts on the book. My notes are a reflection of the journal write up above. This is my book summary of The Black Swan by Nassim Nicholas Taleb. By observing the nature of highly unpredictable events, we can come to appreciate a newfound caution in our application of systems and models of the world used to predict the future. Taleb pinpoints a variety of cases, showing that nothing we know or understand about the world at that time of a rare occurrence could have indicated nor predicted such an event these are the Black Swans. Humanity as a species have used data about the past to justify the narratives of the up and coming this is inherently flawed and seeded in our predisposition for the sensational. Using his experience as a day-trader and qualitative analyst, Nassim Taleb urges us to stop using the observable past as an indicator of the future. The Black Swan: The Impact of the Highly Improbable by Nassim Nicholas Taleb
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