This unusual event changed the perception of the publishers and made them accept the fact that an idea, when exposed in its raw form, will surely be judged by the masses.

A Russian publisher felt that he had nothing to lose and published her book and although it was completely unexpected, Yevgenia proceeded to become a literary sensation and sold millions of copies of her book. She even attended writing workshops, but to her dismay, she learnt that it was recommended to stick to the usual routine where writers just tried hard to create stories that were just an imitation of other successful stories. She met several publishers and editors, but none of them seemed to think her book would do well. In this chapter, Taleb talks about Yevgenia Nikolayevna Krasnova who wanted to publish a book she had written.

Taleb asserts how the Black Swan events explain many things that take place in our world, yet the experts turn a blind eye to them. What makes this book extremely interesting is that it’s prophetic and Taleb’s writing is not only fascinating but is intriguing as well. This book is focused on some rare unpredictable events that often have extreme impacts and the human tendency to identify explanations for such events. In school, we almost only teach normal data sets.Ī black swan is referred to as an event that delivers positive or negative consequences. The way to take advantage of your knowledge of the existence of black swans is to prepare yourself.

Don’t predict random severe occurrences.The risk comes from being blind to the existence of a black swan Forecasters tend to be close to each other’s forecasts, but not to the actual result.We overestimate what we know, and underestimate what we don’t know.To rely on the past is at best irrelevant.I can clearly resonate with both camps, but most importantly I was highly entertained. Other people find his process pretentious because he takes other people down for having a different opinion. Some people find that his way of describing complex concepts is not only brilliant, it’s also a way to perceive the world. Nassim Nicholas Taleb style of writing and his findings has always divided people. PRESTON AND STIG’S GENERAL THOUGHTS ON THE BOOK One of his more famous books is, The Black Swan. Currently serving as a professor at the prestigious New York University School of Engineering, Taleb spends a lot of time on his research. Nassim Taleb is a famous essayist who spent two decades as a trader before he began focusing on mathematical and philosophical elements that dealt with luck and probability.

The black swan theory book