The Black Swan

The Black Swan: Second Edition: The Impact of the Highly Improbable

By: Nassim Nicholas Taleb

A black swan is an event that can be either positive or negative that happens to be deemed implausible yet still ends up having massive, generally unforeseen, consequences. In this revolutionary and visionary work, Taleb shows you in a good-humored manner that Black Swan occasions tend to explain nearly all aspects of our world. However, we, and often times the experts (especially the experts), are blind to these concerns. In this second edition, Taleb has included an additional essay, On Robustness and Fragility, which aims to offer tools that will help you and your business navigate and exploit the Black Swan events that are bound to happen.