A review by sgkramar
The Black Swan: The Impact of the Highly Improbable by Nassim Nicholas Taleb

3.0

Very interesting book, and glad I got the second edition with the book-length essay with updates at the end. The premise of the book is that we shouldn't attempt to calculate the odds or the risks of the unknown unknowns, but rather create robust systems that are more likely to withstand the inevitable black swan. All in all great advice, and I do need to rethink some of my investment strategies.
But, the journey to get to the conclusion was a bit painful, with many self-congratulatory stories and sometime humorous but incessant jibes at economists, the French, etc.