The Black Swan

Before the discovery of Australia, solely the reality had never seen a smuggled swan forrader. An impossible accomplishment in someones brio before this age was referred to as a subdued swan. The mere sight of one sable swan after the discovery of Australia negated the thousands of years of sightings of white swans and thinking they were the besides species of swan. This generalization that was put on the term foul swan before the british occupation of Australia is just an example of the illustration of the human genius and how one sighting can alter the mindset of thousands of years of thinking.The source Nassim Taleb has donated his whole life to philosophy, uncertainty, probability and finance. Starting as a chauffeur, Nassim worked his appearance up to become a businessman trader and later a university professor. By using his theory of Mediocristan and Extremistan, Taleb explains how the impact of the highly improbable locomotes all of us and personally each person has a handful of black swans which alter our lives for the better , or the worse. Mediocristan are easy to predict events that are easy to mentally compute, while extremistan are events that are unpredictable and tint the world in a major way.The Black Swan by Nassim Taleb is a nonfiction philosophy book that expresses one mans theory on rare human events that happen without warning, but greatly impact the world as we k forthwith it. This book can be seen as a memoir of Talebs life and how his research has been his black swan, and has driven him to cod risks and go greater distances than he would have without the incentive.The purpose of this book is to pronounce the coner of the impact of the highly unpredictable. A black swan , in terms of an event has 3 properties, 1. It is hard to predict based on historical information, 2. Low predictability High consequence , 3. The events are perspectively unpredictable yet retrospectively predictable. The black swan events happen in everyones lives, or at least affect everyone lives. For example one of the most famous black swans in recent history is the invention of the calculating machine and world enormous web. Originally seen as a stock bubble by intel, is now a multi trillion dollar industry and a large disassociate of the world are in contact with it.The book embarks on many another(prenominal) flocks journeys and encounters with black swans, all encounters were unexpected but altered the stacks lives in a major way. The book takes place in Lebanon but mostly sweet York, where ironically many of the black swans happen. Having to do with different mathematical formulas, Talebs book hits the major focal points of rare events and that everyone encounters them making all people black swans in there own way.This book should be read by anyone interested in philosophy or the stock market. Although people dont see it this way, but the stock market is outright affected by black swans and such things mentio ned in the book as Gaussins bell curve or mediocristan and extremistan. These formulas and theorys affect the market and affect the life of people. This book was very interesting and after reading it, the reader gets a different view on life and how major events in there life time, ex. ( 9/11, invention of the computer) affect there life and impact there twenty-four hour period to day progress as a human being.