The Black Swan: Second Edition Book Reviews

AUTHOR
Nassim Nicholas Taleb
SCORE
4
TOTAL RATINGS
422

The Black Swan: Second Edition by Nassim Nicholas Taleb Book Summary

The most influential book of the past seventy-five years: a groundbreaking exploration of everything we know about what we don’t know, now with a new section called “On Robustness and Fragility.”

A black swan is a highly improbable event with three principal characteristics: It is unpredictable; it carries a massive impact; and, after the fact, we concoct an explanation that makes it appear less random, and more predictable, than it was. The astonishing success of Google was a black swan; so was 9/11. For Nassim Nicholas Taleb, black swans underlie almost everything about our world, from the rise of religions to events in our own personal lives.
 
Why do we not acknowledge the phenomenon of black swans until after they occur? Part of the answer, according to Taleb, is that humans are hardwired to learn specifics when they should be focused on generalities. We concentrate on things we already know and time and time again fail to take into consideration what we don’t know. We are, therefore, unable to truly estimate opportunities, too vulnerable to the impulse to simplify, narrate, and categorize, and not open enough to rewarding those who can imagine the “impossible.”
 
For years, Taleb has studied how we fool ourselves into thinking we know more than we actually do. We restrict our thinking to the irrelevant and inconsequential, while large events continue to surprise us and shape our world. In this revelatory book, Taleb will change the way you look at the world, and this second edition features a new philosophical and empirical essay, “On Robustness and Fragility,” which offers tools to navigate and exploit a Black Swan world.

Taleb is a vastly entertaining writer, with wit, irreverence, and unusual stories to tell. He has a polymathic command of subjects ranging from cognitive science to business to probability theory. Elegant, startling, and universal in its applications, The Black Swan is a landmark book—itself a black swan.

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Book Name The Black Swan: Second Edition
Genre Finance
Published
Language English
E-Book Size 17.2 MB

The Black Swan: Second Edition (Nassim Nicholas Taleb) Book Reviews 2024

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Opened my eyes.. This book opened my eyes to a new way of looking at many different aspects of markets, experts, and my own expertise. Any book that can do that is worth time and attention.

Few insights masked by tons of BS. The few insights the author offers are masked by page after page of cutesy, boring prose. One of the most un-worthwhile tomes I have ever invested in. I am terribly disappointed.

Black Swan edition 2. Well worth the time to read. Opened my eyes to a different way to think.

Unorganized ideas. The author is obviously very intelligent and he implies it in his book clearly. However, the thoughts and concepts are not presented very clearly. New concepts come randomly and unexplained. Couldn’t continue after 100 pages.

Mind Altering. Changed my life and how I view the world.

Great on multiple levels. This book is a roller coaster — fast and slow. It left indelible marks before and after i read it in 2012, and in repetitions since then. Densely packed, but packed that for good reason… name Taleb could find no better way. His heated passion for subjected matter comes through again and again. Not light reading material — but takes repetition and time to digest. Can be thrilling, dizzying like a roller coaster. But unlike the primarily entertainment focus of a roller coaster Taleb’s entertainment goal not main one.

Wow.. Honestly and embarrassingly I purchased this book thinking the movie "Black Swan" was based off it. It isn't. Clearly. Having said that, this is one of the most interesting reads I've ever had. While it feels like a text book, the author does a marvelous job of enveloping you in his theories. The iPad version is great as many times ive found myself using the dictionary and wiki links... Which has furthered my understanding and enjoyment of this text. Highly recommended.

Too much philosophy. One word - Horrible. This is nothing but a name dropping stream of consciousness that should have been summed up in half the words and with less philosophy and written to the general public rather than to Danny Kahneman.

Black Swan a Must Read.... This book crystalized something I first sensed the day after 9/11… That unexpected, epic events often play out just the opposite of conventional wisdom and are often misinterpreted in hindsight. Because of this need to explain things that could not be predicted, we live in a sort of false history and seem to be painting ourselves into a corner in terms of laws and rights and wars in a sad effort to stop events we can't possibly predict. Taleb is a true genius.

Few refreshing ideas but a bit outlandish and too long. Interesting book with a few good takeaways and original ideas. Could be much shorter though. There are some topics where the author is trying to be too bombastic/outlandish but that’s understandable- the book sells better that way. Also, his obsession with being against the Gaussian distribution becomes a little irritating later in the book- he just keeps repeating himself.

Good read for science illiterates. Autobiographical meanderings that total up to one simple idea, life is unpredictable. As the son of an engineer, I learned early in life that the governing principle of engineering is called, light-heartedly, "Murphy's Law." Though many corollaries have been developed over the years, like "the time it takes to complete a project will expand to the time allotted," the main thesis is that, "anything that can go wrong, will go wrong, and at the worst possible time." Taleb does make one good point in a previous book he authored, the soft sciences are not science at all. Anything that involves humans is unpredictable because we have the ability to predict, and thus antiicpate and alter the future. Inadvertantly perhaps, he provides a very simple and logical definition of Free Will.

Changed how I view my life and the world around me. Bought this on audiobook today it will be my fourth reading, I first read this book back when it was first published. It’s groundbreaking work that should make us all inspect and re-evaluate all of our approaches to risk and uncertainty and think best with how we are best prepared for the unforeseen and high-impact events that conventional models either assign an incorrect probability or the type of event is simply unforeseeable (aka the “Turkey Problem”). This works on all levels so there are lessons to be found for us all as individuals, parents, families … governments. This book is not for those who benefit from government bailouts!

Highlighting. disclaimer: this is a review about this digital edition and not of the book this edition is a nightmare to highlight in

The Black Swan is a must read!. This book has changed my thoughts on how a lot of things actually work. I live in the US and am astouned at the insight provided here. Go buy to today. You will not regret it.

Unreadable.. Page after boring page of self-indulgent tripe. Larded with cross-references that don't work.

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Summary of The Black Swan: Second Edition by Nassim Nicholas Taleb

The The Black Swan: Second Edition book written by Nassim Nicholas Taleb was published on 17 April 2007, Tuesday in the Finance category. A total of 422 readers of the book gave the book 4 points out of 5.

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