The Black Swan

Before the discovery of Australia, all the world had never seen a black swan before. An impossible accomplishment in someones life before this time was referred to as “ a black swan.” The mere sight of one black swan after the discovery of Australia negated the thousands of years of sightings of white swans and thinking they were the only species of swan. This generalization that was put on the term “black swan” before the british occupation of Australia is just an example of the illustration of the human mind and how one sighting can alter the mindset of thousands of years of thinking.
The author Nassim Taleb has donated his whole life to philosophy, uncertainty, probability and finance. Starting as a chauffeur, Nassim worked his way up to become a businessman trader and later a university professor. By using his theory of Mediocristan and Extremistan, Taleb explains how the impact of the highly improbable affects all of us and personally each person has a handful of “black swans” which alter our lives for the better , or the worse. Mediocristan are easy to predict events that are easy to mentally compute, while extremistan are events that are unpredictable and affect the world in a major way.
The Black Swan by Nassim Taleb is a nonfiction philosophy book that expresses one mans theory on rare human events that happen without warning, yet greatly impact the world as we know it. This book can be seen as a memoir of Taleb’s life and how his research has been his black swan, and has driven him to take risks and go greater distances than he would have without the incentive.

The purpose of this book is to inform the reader of the impact of the highly unpredictable. A black swan , in terms of an event has 3 properties, 1. It is hard to predict based on historical information, 2. Low predictability – High consequence , 3. The events are perspectively unpredictable yet retrospectively predictable. The black swan events happen in everyones lives, or at least “affect” everyone lives. For example one of the most famous black swans in recent history is the invention of the computer and world wide web. Originally seen as a stock bubble by intel, is now a multi trillion dollar industry and a large part of the world are in contact with it.
The book embarks on many peoples journeys and encounters with black swans, all encounters were unexpected but altered the peoples lives in a major way. The book takes place in Lebanon but mostly New York, where ironically many of the black swans happen. Having to do with different mathematical formulas, Taleb’s book hits the major focal points of rare events and that everyone encounters them making all people black swans in there own way.
This book should be read by anyone interested in philosophy or the stock market. Although people don’t see it this way, but the stock market is directly affected by black swans and such things mentioned in the book as Gaussin’s bell curve or mediocristan and extremistan. These formulas and theory’s affect the market and affect the life of people. This book was very interesting and after reading it, the reader gets a different view on life and how major events in there life time, ex. ( 9/11, invention of the computer…) affect there life and impact there day to day progress as a human being.

Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Order your essay today and save 25% with the discount code: THANKYOUPlace Order
+