“The Black Swan,” the Book

Nassim Taleb, author of The Black Swan, gave his answers to following questions in Time magazine (13 Dec 2010):

Black swans are generally extreme outliers.  Is it possible to profit from these events?

Half of The Black Swan is about there being positive and negative black swans.  Antifragile systems benefit from black swans.  Evolution benefits from random events–otherwise we wouldn’t be here.

What problems are you interested in right now?

Figuring out antifragility, defining it.  But another problem that comes with it is, Why denigrate the system’s ability to correct itself?  We act as if we are necessary.  We always tend to think we’re smarter than nature.

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