The Black Swan

Summary

The Black Swan, a book written by Nassim Nicholas Taleb, focuses on highly unpredictable events with massive consequences, which the author calls "black swans." Taleb argues that the world is governed by these rare and unforeseen events, while people consistently underestimate their significance due to cognitive biases such as hindsight illusion and the tendency to simplify. The author examines the impact of "black swans" on history, the economy, and professional life, and suggests ways to reduce vulnerability to these events, emphasizing the need to be prepared for surprises and to learn how to benefit from them.