Nassim Taleb writes about risk. His book, The Black Swan, is a warning to those who rely too heavily on academic theories about what is probable. He cites lots of issues with trusting the eggheads, including the stock market crash of ‘87, the blowup of Long Term Capital Management, and the “impossible” collapse of the Soviet Union. He then goes on to make fun of the specific individuals who made these predictions over the course of four-hundred pages or so. It gets the point across quite well.
Book Review: The Black Swan
Book Review: The Black Swan
Book Review: The Black Swan
Nassim Taleb writes about risk. His book, The Black Swan, is a warning to those who rely too heavily on academic theories about what is probable. He cites lots of issues with trusting the eggheads, including the stock market crash of ‘87, the blowup of Long Term Capital Management, and the “impossible” collapse of the Soviet Union. He then goes on to make fun of the specific individuals who made these predictions over the course of four-hundred pages or so. It gets the point across quite well.