Though published in 2007, the key point of "The Black Swan" rings more true now than ever. Why? Because the economic meltdown we had witnessed in late 2008 is a perfect example of the black swan, something highly improbable yet has a high impact. Why couldn't someone detect it or predict it before it happened? Will we be able to predict it now that we have "learned"? Sadly, the answer, according to the author, is No. If you want to know why, pick up this fascinating book. At least, the time you spend reading it will be enjoyable.
Tuesday, January 13, 2009
Must Read Economic Book in 2009 - The Black Swan
Though published in 2007, the key point of "The Black Swan" rings more true now than ever. Why? Because the economic meltdown we had witnessed in late 2008 is a perfect example of the black swan, something highly improbable yet has a high impact. Why couldn't someone detect it or predict it before it happened? Will we be able to predict it now that we have "learned"? Sadly, the answer, according to the author, is No. If you want to know why, pick up this fascinating book. At least, the time you spend reading it will be enjoyable.
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Modified the Post so now "click to LOOK INSIDE" is really working.
ReplyDeleteI enjoyed reading this book as well. His first book Fooled by Randomness is also worth the read.
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