Wednesday, June 25, 2008
I read "The Black Swan: The impact of the highly improbable." by Nassim Nicholas Taleb. I found his phylosophy very interesting but couldn't seem to finish the book. I read 5 or 6 chapters and then quit. Mr. Taleb was a securities trader who always said that statistics can't take luck or chance into consideration. Before 1987, he claimed that the stock market could have a significant downturn even though statistics said it wouldn't happen. He felt vindicated when the stock market crashed on Monday October 19, 1987 (Black Monday).
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