![]() ![]() ![]() The falsehood that the prediction of future events is possible The dangers of confirmation bias and narrative fallacy The definition of a Black Swan and examples of positive and negative Black Swans Nassim Taleb says out loud what economists and financial “experts” deny, which is that their models can be devastatingly wrong and lead others to take enormous speculative risks financially while deluding themselves that all serious dangers in the economy can be predicted and mitigated. This book provides evidence-based logic that is countercultural compared to finance recommendations to date. ![]() General descriptionĪs promised in its subtitle, The Black Swan outlines The Impact of the Highly Improbable. Nassim Taleb, PhD, is a mathematical statistician, former options trader and risk analyst, and author of several influential books on the effects of randomness, probability, and uncertainty in financial markets and life in general. Rating guide: 1 = horrible, 5 = average and 10 = wow Author Please click this LINK for the full disclaimer. You should consult with your physician before you rely on this information. This article is for educational purposes and should not be seen as medical advice. 89ĭisclaimer: Yes, I am a physician, but I’m not your doctor and this article does not create a doctor-patient relationship. ![]()
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