The Black Swan: The Impact of the Highly Improbable

By Nassim Nicholas Taleb  2008
However, if Nassim Nicholas Taleb is right, any attempts at prediction are a fool’s game. Taleb’s advice is to assume that really crazy things can and will happen. You should set yourself up so that you can benefit from good crazy things rather than being hurt by bad crazy things. His best-selling The Black Swan: The Impact of the Highly Improbable (Random House) elaborates on the unpredictability of life, a thesis first expounded in a previous book, Fooled by Randomness. Taleb ridicules the mathematical constructs underlying modern finance in what reviewer Peter Coy called “a richly enjoyable read with an important message.”