The best cases yet for skepticism of the "intelligentsia" and their empty assurances. You know the ones. "Our models work! It's the world that is broken."
The ideas are important and well articulated. There is some overlap with Fooled by Randomness and other titles in this genre, but this book makes unique points.
I listened previously to Fooled by Randomness, which was well narrated. The narrator of this book does not seem to be a professional. This book calls for pronunciation of foreign words, as well as words of foreign origin that have been assimilated into English. His pronunciation of such words is wretched, and this delivery detracts from the listening experience. I never managed to get beyond his voice and focus fully on the words, because it is completely unimaginable that his voice is that of the author. It is not believable.
Great points on why we do so poorly at understanding outliers. Unfortunately it is presented as a ranting manifesto attacking dozens of scholars instead of getting to the point with data. Eventually the Ad Hominem stops around chapter 15 and we get a glimpse of the core topic.
A great eye opener especially for someone who is not familiar with the why the market operates.
It's also a book that would change one's way of viewing human behavior at large.
Great work by Mr. Taled and would also recommend watching some of his lectures on YouTube.
Hayek and Kahneman could use the company.
Taleb has a playful way of discussing profound philosophical ideas that, to this reader, at first seemed facile. Then, about halfway through the book, I suddenly realized that my understanding about a lot of important things was undergoing a paradigm shift. I have read this book probably ten times. I take the book as an antidote to my compulsion to conspire with the world to delude myself. But, of course, probably his most important argument is precisely that there is no antidote.
Years ago I reacted in a similar way to the writings of Hayek and Mises.
Along with Fooled by Randomness, I highly recommend this book. We all could sharpen our knowledge on Black Swans and how they affect our lives. I'm surely less impressed at the success that I see around me - including my own as I have had my own positive Black Swans as we all have as we were born and that is against all of the odds. It's very interesting to me on how we view success or failure in our society in sports, business, Hollywood etc. and then in hindsight create a story about the so called "why" and "how" this or that happened when in reality no one had a clue at the time. It's so easy for us to monday morning quarterback. This book will urge you to THINK.