Nick's Reviews > The Black Swan: The Impact of the Highly Improbable

The Black Swan by Nassim Nicholas Taleb
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's review
Jul 17, 2011

it was amazing
bookshelves: economics, philosophy, psychology, finance-investing, 2000s
Read from July 17 to 19, 2011 — I own a copy

The world is complex and humans overestimate their ability to handle such complexity. Thats the core of his idea, and I'm not going to try and expound on it any further here.

Academic ideas, but he is pretty much only concerned with their practical application (however, he leaves the reader to deduce this himself)

Addresses areas from economics, to finance, statistics, history, psychology, philosophy (especially epistemology).

A bit long winded and overly pompous, but whatever.

Also, a bit too anti-rationalistic for my tastes. Hayek needs to be balanced with Mises, and this guy is even less of a social rationalist than Hayek.

Great at pointing out where our current statistical models fail (and where narratives in general can be dangerous). He does this to such a degree that even I feel like a dirty Platonist.

If you dont mind a bit of pomposity, the writing style is great fun. Quite an enjoyable read! I'd like to have more students of Austrian economics read this for discussion purposes.
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Reading Progress

07/17/2011 page 261
05/17/2016 marked as: read

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