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The Black Swan: The Impact of the Highly Improbable

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Nassim Nicholas Taleb
Nassim Nicholas Taleb

Nassim Nicholas Taleb is a renowned author, scholar, and thinker whose unique perspective and profound insights have had a wide-reaching impact in fields such as finance, statistics, and philosophy. He is best known for his books 'The Black Swan' and 'Fooled by Randomness', which have explored the nature of uncertainty, risk, and probability theory. more

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“So when I presented to what was until then the most hostile crowd in the world, members of the American Statistical Association, a map of the four quadrants, and told them: your knowledge works beautifully in these three quadrants, but beware of the fourth one, as this is where the Black Swans breed, I received instant approval, support, offers of permanent friendship, refreshments (Diet Coke), invitations to come present at their sessions, even hugs.”

“I came to discuss Black Swans, and I intended to tell them that the only thing I know is that we know precious little about them, but that it was their property to sneak up on us, and that attempts at Platonifying them led to additional misunderstandings. Military people can understand such things, and the idea became recently prevalent in military circles with the expression unknown unknown (as opposed to the known unknown).”

“A light brown eyebrow rose, followed by a deep, easy chuckle. “You like what you see?” “Yes. I’m not blind. But I prefer a stronger jaw, someone a little darker.” Furi smirked right back. Where the hell had he gotten all this bravado from? He usually wasn’t so blunt, but it felt good. He was finally coming into his own. The way his dad had urged him to before he’d passed. “Stronger and darker, huh? No shit.” The man looked behind him into the one-way mirror, smiling broadly, making Furi wonder who was behind it. “I’m Detective Ronowski. I’m the First Officer of a narcotics task force based in this precinct. Thank you for coming down tonight.” “Well it wasn’t by choice. I will say your errand boys could use a refresher course in charm and courtesy,” Furi said with little venom. “Errand boys? Oh, you mean Green and Ruxs.” Ronowski laughed again. It was a melodic sound that had Furi leaning back and enjoying it. “Those errand boys are very skilled men, maybe not in charm, but definitely in hand-to-hand combat. Just in case someone doesn’t want to come willingly. But I’m sure you didn’t give them any trouble.” “No, I didn’t. Anyway, how long is this going to take?” Furi asked, checking his watch again. Damnit. “Got a hot date?” Ronowski smiled, looking at the window again. “Something like that. Who’s behind that glass?” “My boss.” Ronowski shot him that sexy grin again. “Well this is fun, but can we move it along?” “Of course.”