The Black Swan

I was a teenager attending the funerals of classmates.

there is no way to derive profits from traded securities

fragility

induction, which is the technical name for the Black Swan.

The next time you experience a blackout, take some solace by looking at the sky.

expectations.

easily conceived

Every single day brought occurrences that lay completely outside their forecast, but they could not figure out that they had not forecast them.

all swans were white, an unassailable belief

As close to utopian equality as reality can spontaneously deliver