The Black Swan Second Edition

The Black Swan  Second Edition
Author : Nassim Nicholas Taleb
Publisher : Random House
Total Pages : 480
Release : 2010-05-11
ISBN 10 : 9780679604181
ISBN 13 : 0679604189
Language : EN, FR, DE, ES & NL

The Black Swan Second Edition Book Description:

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.

The Black Swan

The Black Swan
Author : Nassim Nicholas Taleb
Publisher : Random House Incorporated
Total Pages : 366
Release : 2007
ISBN 10 : UVA:X030103687
ISBN 13 :
Language : EN, FR, DE, ES & NL

The Black Swan Book Description:

Examines the role of the unexpected, discussing why improbable events are not anticipated or understood properly, and how humans rationalize the black swan phenomenon to make it appear less random.

Quicklet on Nassim Taleb s The Black Swan CliffNotes like Book Summary and Analysis

Quicklet on Nassim Taleb s The Black Swan  CliffNotes like Book Summary and Analysis
Author : Leslie McIntyre
Publisher : Hyperink Inc
Total Pages : 36
Release : 2012-07-30
ISBN 10 : 9781614646846
ISBN 13 : 1614646848
Language : EN, FR, DE, ES & NL

Quicklet on Nassim Taleb s The Black Swan CliffNotes like Book Summary and Analysis Book Description:

ABOUT THE BOOK The first edition of Nassim Nicholas Taleb’s second mainstream work, The Black Swan: The Impact of the Highly Improbable, was published by Random House in April of 2007. In this book Taleb says many, many things; he warns against the dangers of ignoring outliers and trusting experts; he gives advice on how to position oneself to take advantage of the unexpected; he creates a fictional narrative about an author’s rise to literary stardom; and he draws upon the work of some of his favorite (as well as his most despised) thinkers in the fields of philosophy, mathematics, and psychology. But the thing about The Black Swan that is most likely to grab the contemporary reader’s attention is its apparent prediction of the financial collapse that occurred only a few months after its publication. Though Taleb argues against the validity of economic forecasts, he makes some eerily specific critiques of the banking industry, “just months before the subprime fiasco rocked global markets and led banks to announce at least $208 billion worth of writedowns,” according to Bloomberg News. Any criticisms of The Black Swan seem to fade given the uncanny timing of its release. In the wake of the financial crisis, while other economists cringed at their lack of foresight, Taleb was hailed as a prophet. EXCERPT FROM THE BOOK While we might prefer to believe that the world operates in a linear fashion, Taleb assures us this is not so. Says Taleb, “[N]onlinear relationships are ubiquitous in life. Linear relationships are truly the exception; we focus on them in classrooms and textbooks because they are easier to understand (89).” Chapter Eight Giacomo Casanova’s Unfailing Luck In Chapter Eight, Taleb introduces the concept of silent evidence. Like the antilibrary, silent evidence emphasizes what is not known over what is. Essentially, silent evidence are those instances which do not produce a Black Swan and thus do not receive acknowledgement. As an example, Taleb points to the many, many talented writers who never get their big break and whose work, therefore, is never inducted into the literary canon. Since such works are generally inaccessible, we tend to discount their relevance and focus solely on the Black Swan works that did, through some combination of talent and good fortune, secure their place in literature. In essence we tend to give disproportionate weight to the stories of those who succeed in some manner or another -- by making a medical breakthrough, by becoming a millionaire, or, in some cases, by simply surviving. The tendency to ignore silent evidence (the failures), Taleb says, results in a distortion bias, “the difference between what you see and what is there... Buy the book to continue reading! Follow @hyperink on Twitter! Visit us at www.facebook.com/hyperink! Go to www.hyperink.com to join our newsletter and get awesome freebies! CHAPTER OUTLINE Nassim Taleb's The Black Swan + Introduction to The Black Swan + Introducing Nassim Nicholas Taleb + The Black Swan: An Introductory Overview + Chapter Summaries + ...and much more

Incerto 5 Book Bundle

Incerto 5 Book Bundle
Author : Nassim Nicholas Taleb
Publisher : Random House
Total Pages : 1872
Release : 2021-05-04
ISBN 10 : 9780593243664
ISBN 13 : 0593243668
Language : EN, FR, DE, ES & NL

Incerto 5 Book Bundle Book Description:

The landmark five-book series—all together in one ebook bundle The Incerto is an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision making when we don’t understand the world, expressed in the form of a personal essay with autobiographical sections, stories, parables, and philosophical, historical, and scientific discussions, in non-overlapping volumes that can be accessed in any order. The main thread is that while there is inordinate uncertainty about what is going on, there is great certainty as to what one should do about it. This ebook bundle includes: FOOLED BY RANDOMNESS THE BLACK SWAN THE BED OF PROCRUSTES ANTIFRAGILE SKIN IN THE GAME

Antifragile

Antifragile
Author : Nassim Nicholas Taleb
Publisher : Random House
Total Pages : 544
Release : 2012-11-27
ISBN 10 : 9780679645276
ISBN 13 : 0679645276
Language : EN, FR, DE, ES & NL

Antifragile Book Description:

Antifragile is a standalone book in Nassim Nicholas Taleb’s landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we don’t understand. The other books in the series are Fooled by Randomness, The Black Swan, Skin in the Game, and The Bed of Procrustes. Nassim Nicholas Taleb, the bestselling author of The Black Swan and one of the foremost thinkers of our time, reveals how to thrive in an uncertain world. Just as human bones get stronger when subjected to stress and tension, and rumors or riots intensify when someone tries to repress them, many things in life benefit from stress, disorder, volatility, and turmoil. What Taleb has identified and calls “antifragile” is that category of things that not only gain from chaos but need it in order to survive and flourish. In The Black Swan, Taleb showed us that highly improbable and unpredictable events underlie almost everything about our world. In Antifragile, Taleb stands uncertainty on its head, making it desirable, even necessary, and proposes that things be built in an antifragile manner. The antifragile is beyond the resilient or robust. The resilient resists shocks and stays the same; the antifragile gets better and better. Furthermore, the antifragile is immune to prediction errors and protected from adverse events. Why is the city-state better than the nation-state, why is debt bad for you, and why is what we call “efficient” not efficient at all? Why do government responses and social policies protect the strong and hurt the weak? Why should you write your resignation letter before even starting on the job? How did the sinking of the Titanic save lives? The book spans innovation by trial and error, life decisions, politics, urban planning, war, personal finance, economic systems, and medicine. And throughout, in addition to the street wisdom of Fat Tony of Brooklyn, the voices and recipes of ancient wisdom, from Roman, Greek, Semitic, and medieval sources, are loud and clear. Antifragile is a blueprint for living in a Black Swan world. Erudite, witty, and iconoclastic, Taleb’s message is revolutionary: The antifragile, and only the antifragile, will make it. Praise for Antifragile “Ambitious and thought-provoking . . . highly entertaining.”—The Economist “A bold book explaining how and why we should embrace uncertainty, randomness, and error . . . It may just change our lives.”—Newsweek

Incerto 4 Book Bundle

Incerto 4 Book Bundle
Author : Nassim Nicholas Taleb
Publisher : Random House
Total Pages : 1568
Release : 2016-01-26
ISBN 10 : 9780812997699
ISBN 13 : 0812997697
Language : EN, FR, DE, ES & NL

Incerto 4 Book Bundle Book Description:

Nassim Nicholas Taleb’s landmark Incerto series is an investigation of luck, uncertainty, probability, opacity, human error, risk, disorder, and decision-making in a world we don’t understand, in nonoverlapping and standalone books. All four volumes—Antifragile, The Black Swan, Fooled by Randomness, and the expanded edition of The Bed of Procrustes, updated with more than 50 percent new material—are now together in one ebook bundle. ANTIFRAGILE “Startling . . . richly crammed with insights, stories, fine phrases and intriguing asides.”—The Wall Street Journal Just as human bones get stronger when subjected to stress and tension, many things in life benefit from disorder, volatility, and turmoil. What Taleb has identified and calls “antifragile” is that category of things that not only gain from chaos but need it in order to survive and flourish. The resilient resists shocks and stays the same; the antifragile gets better and better. What is crucial is that the antifragile loves errors, as it incurs small harm and large benefits from them. Spanning politics, urban planning, war, personal finance, economic systems, and medicine in an interdisciplinary and erudite style, Antifragile is a blueprint for living in a Black Swan world. THE BLACK SWAN “[A book] that altered modern thinking.”—The Times (London) 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. The astonishing success of Google was a black swan; so was 9/11. In this groundbreaking and prophetic book, Taleb shows that black swan events underlie almost everything about our world, from the rise of religions to events in our own personal lives, and yet we—especially the experts—are blind to them. FOOLED BY RANDOMNESS “[Fooled by Randomness] is to conventional Wall Street wisdom approximately what Martin Luther’s ninety-five theses were to the Catholic Church.”—Malcolm Gladwell, The New Yorker Are we capable of distinguishing the fortunate charlatan from the genuine visionary? Must we always try to uncover nonexistent messages in random events? Fooled by Randomness is about luck: more precisely, about how we perceive luck in our personal and professional experiences. Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill—the markets—Fooled by Randomness is an irreverent, eye-opening, and endlessly entertaining exploration of one of the least understood forces in our lives. THE BED OF PROCRUSTES “Taleb’s crystalline nuggets of thought stand alone like esoteric poems.”—Financial Times This collection of aphorisms and meditations expresses Taleb’s major ideas in ways you least expect. The Bed of Procrustes takes its title from Greek mythology: the story of a man who made his visitors fit his bed to perfection by either stretching them or cutting their limbs. With a rare combination of pointed wit and potent wisdom, Taleb plows through human illusions, contrasting the classical views of courage, elegance, and erudition against the modern diseases of nerdiness, philistinism, and phoniness.

Incerto

Incerto
Author : Nassim Nicholas Taleb
Publisher : Editeurs divers USA
Total Pages : 1568
Release : 2016-11-08
ISBN 10 : 9780399590450
ISBN 13 : 0399590455
Language : EN, FR, DE, ES & NL

Incerto Book Description:

Nassim Nicholas Taleb's landmark Incerto series is an investigation of luck, uncertainty, probability, opacity, human error, risk, disorder, and decision-making in a world we don't understand, in nonoverlapping and standalone books. All four volumes--Antifragile, The Black Swan, Fooled by Randomness, and the expanded edition of The Bed of Procrustes, updated with more than 50 percent new material--are now together in one boxed set. ANTIFRAGILE "Startling . . . richly crammed with insights, stories, fine phrases and intriguing asides."--The Wall Street Journal Just as human bones get stronger when subjected to stress and tension, many things in life benefit from disorder, volatility, and turmoil. What Taleb has identified and calls "antifragile" is that category of things that not only gain from chaos but need it in order to survive and flourish. The resilient resists shocks and stays the same; the antifragile gets better and better. What is crucial is that the antifragile loves errors, as it incurs small harm and large benefits from them. Spanning politics, urban planning, war, personal finance, economic systems, and medicine in an interdisciplinary and erudite style, Antifragile is a blueprint for living in a Black Swan world. THE BLACK SWAN "[A book] that altered modern thinking."--The Times (London) 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. The astonishing success of Google was a black swan; so was 9/11. In this groundbreaking and prophetic book, Taleb shows that black swan events underlie almost everything about our world, from the rise of religions to events in our own personal lives, and yet we--especially the experts--are blind to them. FOOLED BY RANDOMNESS "[Fooled by Randomness] is to conventional Wall Street wisdom approximately what Martin Luther's ninety-five theses were to the Catholic Church."--Malcolm Gladwell, The New Yorker Are we capable of distinguishing the fortunate charlatan from the genuine visionary? Must we always try to uncover nonexistent messages in random events? Fooled by Randomness is about luck: more precisely, about how we perceive luck in our personal and professional experiences. Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill--the markets--Fooled by Randomness is an irreverent, eye-opening, and endlessly entertaining exploration of one of the least understood forces in our lives. THE BED OF PROCRUSTES "Taleb's crystalline nuggets of thought stand alone like esoteric poems."--Financial Times This collection of aphorisms and meditations expresses Taleb's major ideas in ways you least expect. The Bed of Procrustes takes its title from Greek mythology: the story of a man who made his visitors fit his bed to perfection by either stretching them or cutting their limbs. With a rare combination of pointed wit and potent wisdom, Taleb plows through human illusions, contrasting the classical views of courage, elegance, and erudition against the modern diseases of nerdiness, philistinism, and phoniness.

The Autobiography of a Stock Second Edition

The Autobiography of a Stock  Second Edition
Author : Manoj Arora
Publisher : Jaico Publishing House
Total Pages : 424
Release : 2021-08-02
ISBN 10 : 9789391019358
ISBN 13 : 9391019358
Language : EN, FR, DE, ES & NL

The Autobiography of a Stock Second Edition Book Description:

A common man’s guide to stock investing Stocks offer magnificent wealth creation opportunities. Are you ready to test the waters? Stocks are simple, yet powerful investment tools. But lack of knowledge, patience and faith make them a dangerous gamble. And so, people dread entering the stock market when it should be an inseparable part of their portfolio. The Autobiography of a Stock takes a unique look at the problem—through the eyes of Mr. Stock. Gobind, a young man eager to invest, approaches Mr. Stock for guidance through the roller-coaster ride of buying a stock, holding on to it and finally exiting it in time. Join him on his exhilarating journey, complete with its soaring heights and dismal lows, in a real market scenario, with real stocks and real data. Learn with him as he discovers 101 unforgettable lessons in the dynamic world of stocks. Tried, tested and thoroughly practical, these lessons are stock market scripture that can bring you not only excellent returns but also long-term wealth in volatile situations—be it the rise and fall of Yes Bank, the meteoric rise of Reliance Industries, or a black swan event like the COVID 19 pandemic. “…provide[s] understanding of basics without much of technical jargon!” —K V NARAYANAN, Former VP, Tata Consultancy Services

Skin in the Game

Skin in the Game
Author : Nassim Nicholas Taleb
Publisher : Penguin Press
Total Pages : 279
Release : 2019-02-28
ISBN 10 : 0141982659
ISBN 13 : 9780141982656
Language : EN, FR, DE, ES & NL

Skin in the Game Book Description:

Why should we never listen to people who explain rather than do? Why do companies go bust? How is it that we have more slaves today than in Roman times? Why does imposing democracy on other countries never work? The answer- too many people running the world don't have skin in the game. In this provocative book, Nassim Nicholas Taleb shows that skin in the game applies to all aspects of our lives. It's about having something to lose and taking a risk. Citizens, lab experimenters, artisans, political activists and hedge fund traders all have skin in the game. Policy wonks, corporate executives, theoreticians, bankers and most journalists don't.