Black Swans: Stories

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In fact, this truth was so incontrovertible that logicians would often use it to illustrate the process of deductive reasoning.

She has had a fascinating life so far, living in LA through some interesting times and her life story would no doubt be one deemed too extravagent to be real. Eve Babitz began her independent career as an artist, working in the music industry for Ahmet Ertegun at Atlantic Records, making album covers. A new reissue of Babitz’s collection of nine stories that look back on the 1980s and early 1990s—decades of dreams, drink, and glimpses of a changing world. The term “Black Swan” has since been used to describe the occurrence of a seemingly-impossible event. g. how you met your spouse, your biggest gains and losses) were also likely to have been unexpected, i.The real problem, though - the context Taleb does not appear to see, the reason the book itself is a turkey - is one of facetious style.

Imagine, says Taleb, the problem of turkeys: "Every single feeding will firm up the bird's belief that it is the general rule of life to be fed every day by friendly members of the human race 'looking out for its best interests', as a politician will say. Magpie-fashion, Taleb marshals many theories from sociology and philosophy and bits and pieces of other wisdom from all sorts of disciplines to advance his case.However, a singer in the digital age is a scalable profession since he/she can perform a song once, record and disseminate it widely.

ONE OF AUSTRALIA’S best-loved birds is also an important symbol in modern culture, having lent its name to a famous book, The Black Swan by scholar Nassim Nicholas Taleb, which was in 2007 ranked by the Sunday Times one of the 12 most influential books since World War II. The Black Swan: The Impact of the Highly Improbable is a 2007 book by Nassim Nicholas Taleb, who is a former options trader. Whenever someone tells you not to go to the cause, it is worth heading straight there out of bloody-mindedness. Black Swans are the “unknown unknowns” which can’t be accounted for, even by the most sophisticated models.He also describes the " barbell strategy" for investment that he used as a trader, which consists in avoiding medium risk investments and putting 85–90% of money in the safest instruments available and the remaining 10–15% on extremely speculative bets. Chapter four brings together the topics discussed earlier into a narrative about a turkey before Thanksgiving who is fed and treated well for many consecutive days, only to be slaughtered and served as a meal.