The Black Swan (book by Nassim Nicholas Taleb)

*The Black Swan* by Nassim Nicholas Taleb explores unpredictable and rare events with massive impact—like financial crises or breakthroughs—that are often dismissed or misunderstood beforehand. These "Black Swans" are characterized by their rarity, severe consequences, and the tendency of people to rationalize them after they occur. The book emphasizes the limitations of prediction and the importance of building robustness against such unpredictable shocks. It encourages embracing uncertainty, acknowledging our cognitive biases, and preparing for the unexpected, rather than relying solely on past data or models that cannot foresee extraordinary events.