The Black Swan, Second Edition: The Impact of the Highly Improbable: With a new section: "On Robustness and Fragility" cover art

The Black Swan, Second Edition: The Impact of the Highly Improbable: With a new section: "On Robustness and Fragility"

Incerto, Book 2

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The Black Swan, Second Edition: The Impact of the Highly Improbable: With a new section: "On Robustness and Fragility"

Written by: Nassim Nicholas Taleb
Narrated by: Joe Ochman
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About this listen

The Black Swan 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, Antifragile, Skin in the Game, and The Bed of Procrustes.

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 explains everything we know about what we don’t know, 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.

Elegant, startling, and universal in its applications, The Black Swan will change the way you look at the 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. The Black Swan is a landmark book—itself a black swan.

Includes a bonus pdf of tables and figures.

Praise for Nassim Nicholas Taleb

“The most prophetic voice of all.”—GQ

Praise for The Black Swan

“[A book] that altered modern thinking.”The Times (London)

“A masterpiece.”—Chris Anderson, editor in chief of Wired, author of The Long Tail

“Idiosyncratically brilliant.”—Niall Ferguson, Los Angeles Times

The Black Swan changed my view of how the world works.”—Daniel Kahneman, Nobel laureate

“[Taleb writes] in a style that owes as much to Stephen Colbert as it does to Michel de Montaigne. . . . We eagerly romp with him through the follies of confirmation bias [and] narrative fallacy.”—The Wall Street Journal

“Hugely enjoyable—compelling . . . easy to dip into.”Financial Times

“Engaging . . . The Black Swan has appealing cheek and admirable ambition.”—The New York Times Book Review
Corporate & Public Finance Decision-Making & Problem Solving Personal Success

Critic Reviews

Praise for Nassim Nicholas Taleb

“The most prophetic voice of all.”—GQ

Praise for The Black Swan

“[A book] that altered modern thinking.”The Times (London)

“A masterpiece.”—Chris Anderson, editor in chief of Wired, author of The Long Tail

“Idiosyncratically brilliant.”—Niall Ferguson, Los Angeles Times

The Black Swan changed my view of how the world works.”—Daniel Kahneman, Nobel laureate

“[Taleb writes] in a style that owes as much to Stephen Colbert as it does to Michel de Montaigne. . . . We eagerly romp with him through the follies of confirmation bias [and] narrative fallacy.”—The Wall Street Journal

“Hugely enjoyable—compelling . . . easy to dip into.”Financial Times

“Engaging . . . The Black Swan has appealing cheek and admirable ambition.”—The New York Times Book Review
All stars
Most relevant
I loved it, the ideas in this book are mind boggling. I would need a second listen to get it all. And this book is worth multiple listen. it has been recounted beautifully.

it's as enlightening as it is complex

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Nassim has neatly and with great felicity and examples brought out the cases of unpredictability amidst plethora of data, analyses, theories etc... truly none of the major events were predicted by any one despite their qualifications and experience. it's this what he calls black swan and these events have potential to propel u forward disproportionately or push back similarly. very interesting read that helps understand the slippery stage of stock market or Las Vegas casinos. play at your own risk. Joe Ochman has done equally good job thru his voice over.

excellent way to explain one-step phenomenon

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Insights into inconsequential predictions, and simplistic post facto narratives for unpredictable complex random events using models to rationalise it.

Rare insights of unpredictable events impact

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it's one of the practical yet philosophical books I have read. once you have read it, you will never see the world the same way again.

essential and eye opener

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Despite not being the biggest fan of Taleb's famously abrasive personality and writing style, I keep coming back to his work because there are insights here that cannot be found anywhere else. He pulls back the curtain and reveals the fundamental flaws in the thinking that underpins most facets of modernity.

The mild mannered tone of the narration doesn't adequately convey the temperamental nature of Taleb's prose and the experience of reading suffers for it. Despite this problem, i will be returning to this title again in the future.

A flawed masterpiece, unsuitable narrator

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