Taleb is an economist who fancies himself an outsider and disruptor, and this 400 page book is his long explanation of a fairly simple idea that he fancies himself as having come up with: that we don’t properly assess the risk of ‘unlikely’ events in our financial system. He characterizes patterns into two categories: those where we can accurately assess the outlying instances (ie: human height on a graph will never exceed a certain figure- it would be impossible- vs the gap between rich and […]
Obnoxious and frustrating
The Black Swan by Nassim Nicholas Taleb