Taleb's "The Black Swan" (book)

In "The Black Swan," Nassim Nicholas Taleb explores the concept of rare, unpredictable events that have massive impacts on the world, which he calls "Black Swans." These events are often rationalized in hindsight, leading people to mistakenly believe they could have been predicted. Taleb emphasizes that human knowledge is limited and that we underestimate uncertainty. He argues for the importance of recognizing the power of these rare occurrences in finance, science, and daily life, and encourages more robust thinking to prepare for the unexpected rather than relying solely on past data or traditional forecasting methods.