
The Black Swan

Every single day brought occurrences that lay completely outside their forecast, but they could not figure out that they had not forecast them.
Nassim Nicholas Taleb • The Black Swan
I was a teenager attending the funerals of classmates.
Nassim Nicholas Taleb • The Black Swan
Unlike Kant, Fichte, Schopenhauer, and Hegel, Hume is the kind of thinker who is sometimes read by the person mentioning his work.
Nassim Nicholas Taleb • The Black Swan
The strategy for the discoverers and entrepreneurs is to rely less on top-down planning and focus on maximum tinkering and recognizing opportunities when they present themselves. So I disagree with the followers of Marx and those of Adam Smith: the reason free markets work is because they allow people to be lucky, thanks to aggressive trial and
... See moreNassim Nicholas Taleb • The Black Swan
Narrativity can viciously affect the remembrance of past events as follows: we will tend to more easily remember those facts from our past that fit a narrative, while we tend to neglect others that do not appear to play a causal role in that narrative.
Nassim Nicholas Taleb • The Black Swan
Besides narrative and causality, journalists and public intellectuals of the sound-bite variety do not make the world simpler. Instead, they almost invariably make it look far more complicated than it is.
Nassim Nicholas Taleb • The Black Swan
Interestingly, people partied quite heavily during the war and developed an even bigger taste for luxuries, making the visits quite attractive in spite of the fighting.
Nassim Nicholas Taleb • The Black Swan
You are very likely to be fooled about their intentions.
Nassim Nicholas Taleb • The Black Swan
All zoogles are boogles. You saw a boogle. Is it a zoogle? Not necessarily, since not all boogles are zoogles; adolescents who make a mistake in answering this kind of question on their SAT test might not make it to college. Yet another person can get very high scores on the SATs and still feel a chill of fear when someone from the wrong side of
... See more