 • Buy this item from our featured Merchant - Featured Price: $27.00
 |
Product Reviews:
The Black Swan: The Impact of the Highly Improbable |
Rating: 5 (out of 5)
Summary: A Major Achievement -- do not Miss It!!
Comments: almost all of the criticisms of Taleb and this book seem sensible:
- His confidence sometimes seems to reach the level of condescending arrogance.
- With a wave of the hand, he dismisses those he disagrees with, even Nobel prize winners. And perhaps he oversimplifies their positions in order to argue with their straw-man shadows.
- He often circles around his points without winding up finally making his points clear. Is this how a supposedly street-smart guy should talk?
- His frequent digressions make it hard for the reader to follow the thread of his narrative, sometimes giving the impression that there actually is no such thread, and that we're just witnessing his stream of consciousness.
-1could argue that the more technical chapters are written poorly and are therefore quite unclear.
- Many of his ideas aren't as original as he seems to imply, so maybe he needs to give more credit to others.
- His suggestions on investing aren't too specific, and1wonders if they rely too much on luck or being rich in the 1st place.
- His references to his anger suggest a need for personal growth.
however this book easily deserves 5 stars and its bestseller status. Why?
- Taleb's erudition is undeniable, and a strong case can be made for his iconoclastic brilliance as well. Perhaps it would be disingenuous for him to be too modest. Maybe false modesty wouldn't make sense for this book?
- Perhaps his criticism of his opponents has more validity than we might normally want to admit in polite society; scary to think that economists and others in finance are as clueless as Taleb suggests, given the times we live in.
- His refusal to get right to the point makes you think more deeply about the implications of his ideas, rather than just quickly saying "yes, that's obvious, so what?" It's not enough to merely understand something; it has to sink in, in a way that genuinely changes your worldview and approach.
- Once you drop your preconceptions of how a book should be written, almost all of his digressions are fun and many are quite insightful. For an open-minded person with an intellectual inclination, this can be a tremendously entertaining book (it certainly was for me). Taleb deploys his intellect and erudition for us with an unusual frankness which is worthy of our appreciation; instead of being put off by it, enjoy the ride while it lasts!!
- I do think the technical chapters are lacking however, alas, it's hard to write a perfect book, especially for an audience with varying technical background. I think we can cut him some slack here.
- His ideas may not be entirely original, however the way he's woven them together and presented them with flourish certainly is. Ideas need to be communicated to have any value, and Taleb can surely deliver his ideas in a way that has lasting impact on the reader.
- This book is about about black swans in general, not investing in particular, so let's not get carried away if the book doesn't supply a how-to guide on getting or staying rich. And Taleb's general advice to arrange safeguards against financial disaster, and also get exposure to potentially huge opportunities, certainly seems sensible.
- His anger surprises and even disappoints at 1st, however1eventually starts to wonder if it might not be at least partly justified. Things might be worse than we want to believe. After all, isn't that part of his thesis? Plus he does end on a positive note.
The bottom line is that this book is honestly unique in its ability to intellectually entertain while conveying some deep insight and wisdom. Even if you do not fully agree with him, Taleb is worth engaging with.
Few people in the world have the right intersection of ingredients to produce a book like this, so we should cherish the fact that the book exists. I have read this book in print and also listened to the excellent unabridged audiobook, and I look forward to returning to it at least a few more times in the future. This book changed my outlook in some fundamental ways, and I think that's about as much as we can hope for with any book.
highly endorseed. Indeed, do not miss it!!
|
Rating: 2 (out of 5)
Summary: Not a history of black swan events
Comments: I think I expected something different, like a presentation of various black swan type events. The author, comments and speaks and comments in an essay style which I found dissapointing. Same valid for his other book: Fooled by Randomness.I think readers will get a better deal if they read "Extraordinary Illusions and Madness of the Crowds" as well as almost all of the shareholder letters posted on gurufocus.com. |
Rating: 5 (out of 5)
Summary: Open your mind
Comments: I must recognize that through the easy and entertaining Mr Taleb's style, I have adquired a wider vision of how we, as human beings, almost allly and unreasonably make predictions.
300 pages would have been enough (it has 400, at least in spanish edition).
Nevertheless, I highly endorse this book. Open you mind and have fun!! |
Rating: 2 (out of 5)
Summary: Interesting...if you can get past his enormous ego
Comments: It's too bad Taleb's ego is louder than his thesis. While he puts forth many interesting and insightful concepts and thoughts, the price1must pay to find them amongst the egocentric drivel that fills almost all of the pages makes this read hardly worth the effort. I can not help however think that the basic arguments from such a pretentious elitist could only be hot air. It's hard to take him seriously. |
Rating: 5 (out of 5)
Summary: How compare to author's "Fooled by Randomness"?
Comments: The author has also written "Fooled by Randomness". Both books deal with the same matter; how low risk/chance events can have a major impact more often that realised. The book earns5stars because it forces the reader to think about a important issue.
Which of the author's books should you purchase?
1. What a big font, easy read? Then go for "Fooled by Randomness"
2. Want a small font, more intellectual read? The go for this book.
There is absolutely no need to read both. Just pick the1the fits your temperament.
Any critique? The book is focusing on just1matter and the author is pushing it a bit too one-sided. However, it doesn't matter if the book isn't balanced. The book gets you thinking. You should expose yourself to the ideas. Stylistically the book is not great. However, this is not poetry so I would not put much emphasis on this point either.
Who should purchase? All social scientists, all people investing in the stock market, and all people involved in planning about the future.
|
