New Book - The Black Swan - part one

The Black Swan - by Nassion Taleb

quick start notes;

Karl Popper - you cannot know with any certainty that a proposition was true; you only know it is not true.

Everything that can be tested, must be tested.

No amount of observations of white swans can allow the inference that all swans are white, but the observation of a single black swan is sufficient to refute the conclusion. - Hume

The key is not having the ideas but having the recipe to deal with your ideas. we don't need moralizing. we need a set of tricks. - Taleb

we are more willing to gamble when it comes to losses, but we are risk averse when it comes to our gains.

There is courage and heroism in defying human impulse, in taking the purposeful and painful steps to prepare for the unimaginable.