Pages

Wednesday, August 26, 2009

"The Black Swan: The Impact of the Highly Improbable"

Check out our new business book summary for this week!

"The Black Swan: The Impact of the
Highly Improbable", by Nassim Nicholas Taleb


A black swan is a highly improbable event with three
principal characteristics: It is unpredictable; it carries
a massive impact; and, afterwards, we concoct an
explanation that makes the event appear less random
and more predictable than it was. The astonishing success
of Google was a black swan and 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 personal lives. But because humans are

hardwired to learn specifics when they should be focused
on generalities, we are unable to truly estimate opportunities
and are not open enough to rewarding those who can imagine
the “impossible.”

Elegant, startling, and universal in its applications, The Black
Swan is a landmark book that will change the way you look
at the world.

The revelations in this book explain everything you know
about what you don’t know. It offers surprisingly simple
tricks for dealing with black swans and benefiting from them.

Go to BusinessSummaries.com to access this book summary!