“Imagine a speck of dust next to a planet a billion times the size of the earth. The speck of dust represents the odds in favor of your being born; the huge planet would be the odds against it. So stop sweating the small stuff.”
Tag Archives: Nassim Nicolas Taleb
The Black Swan Model: the domesticated chicken and what it never expected
Writer Nassim Nicholas Taleb calls the phenomenon of people being unable to predict the future based on the past the Black Swan principle. This name is inspired by the the 17th Century early explorers. People in Europe had always assumed that all swans were white. Imagine their surprise when they found that black swans thatContinue reading “The Black Swan Model: the domesticated chicken and what it never expected”
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