This week I have been reading ‘The Black Swan’ by Nassim Taleb. Indeed, a fascinating book that explores the concept of “Black Swans,” which in a nutshell are defined as “Extremely unpredictable events that have a massive impact on human society”.
According to Taleb a ‘Black Swan’ event has three noticeable features:
- It is rare (statistical outliers),
- It is disproportionately impactful,
- and it compels humans to find explanations as to why it happened! (To show, after the fact, that it was indeed predictable, all though no one saw it coming)
Some examples of Black Swan events include World Wars I and II, the fall of the Berlin Wall, 9/11, the rise of the Internet, the 2008 financial crisis, and the astonishing success of Google.
In the book, Taleb reflects on why the human race habitually does not acknowledge the possibility of such events happening in the future even though we have seen them so clearly in the past?…
As always, I have summarized the key reflections from the book into a 5-minute animation. You can check it out by clicking the link below! Hope you will enjoy it!!
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