The Black Swan

By reading this koob, you will discover a new way of understanding uncertainty through the Black Swan idea.

You will also discover:

-that the Black Swan refers to a surprising and unforeseen event that has a major impact;

-why you fail when making predictions;

-that you are wrong to trust those you consider to be experts in their domain; and

-that you can take advantage of uncertainty. The world is composed of uncertainty, yet human beings continue their search to understand and predict it.

The more informed a society is, the more it believes to be an expert at, and capable of, understanding the world. However, once society discovers that not all swans are white, even its notion of understanding is upended. This highly improbable event with severe impact is called the “Black Swan” by Nassim Nicholas Taleb. It can lead to either success or failure and can make a significant mark on history. How do you address this phenomenon and apply it personally?