THE BLACK SWAN SUMMARY (BY NASSIM TALEB)

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In this video I will present my top 5 takeaways from The Black Swan, the bestselling book by the statistician and former trader, Nassim Taleb.

Top 5 takeaways:
00:00 1. The Black Swan Problem
03:12 2. The Implications of Black Swan Blindness
07:32 3. Mediocristan vs Extremistan
11:03 4. Gaussian Schmaussian!
14:52 5. How to Act as an Investor in an Environment of Black Swans

[Eternalised]

"As an investor, to truly become antifragile you must look beyond your investments. That means developing other sources of income, having a wider knowledge base and developing a certain
skill, so that in case of a major black swan event – you’ll be somewhat more prepared that you would’ve been without these other aspects."

[SamuelMarcatto]

This is a masterpiece, sir. Thank you so much!

[RookieN]

Tip: Read Daniel Kahneman's 'Thinking Fast and Slow' before attempting to read this or any other Nassim Taleb's work. You must be familiar with cognitive biases in order to comprehend his ideas. Its also good to have basic knowledge in statistics.

[CASriharsha]

This is by far the best summary video I have ever watched. I was perplexed about the content of the book, now it feels like, Yah, everything fell into the proper picture. Good Job mate.

[sgn]

Excellent Summary and precise description for such a complex idea. Please accept my heartfelt thanks

[irfanyaqub]

An excellent way of explaining more than 700 pages in just 20 mins.Your hardwork is really appreciating.
Thanks a lot..

[karenlin-mahar]

Brilliant explanation! Thank you so much! Just awesome.... well narrative and beautifully structured.

[TheMrJFighter]

This my friend. IS A GEM. I don't like the conclusion of point five, but also wasn't really expecting a satisfying solution. The rest of it totally made sense to me!! Thanks for the video!

[hanahamel]

I rarely comment on YouTube videos! But this video is a Masterpiece 🙌🤩 much appreciated 👌🙏🌺

[jobellens]

Loved it. Loved your humor ! Thank you for this content.

[kymberleedellaluce]

Fabulous summary! Your visuals are helpful and your humor quite welcome. :)

[kyro]

Thank you for the summary. I understand he´s one of your favorite authors... I had to stop reading the book because I really dislike his style... and I´m grateful to have watched your review, as if it were not for it, I would have missed your #5, which is very interesting.

[thuyvuthu]

Thank you for your very informative summary. I think I couldn't understand the book without your video.

[danielkayando]

Having read the book, i would say this is pretty well summarized. thank you so much

[jayhay]

Thanks for the summary. Black swan = a surprising event with negative reaction. If you can identify such an event quickly; there's your buying opportunity. This strategy has served me well.

Without fail, the market overreact to black swans. Once you've decided that the reaction is the typical overreaction, you can make low risk investments that pay well in shorter periods of time.

[curiousworldview]

I love this series Erik! Thank you so much for putting it together, you inspired me to goo ahead and make a series of videos on Nassim Taleb as well that I just published on my channel. Fortsätt det fantastiska arbetet bror!

[rics]

HOLY! I FINALLLY SAW YOUR FACE!
Ok, this made my day, week, or year of financial happiness :)!
Great content as always. You are one of the only YouTube channels that are worthy to recommend

[richardm]

Awesome summary. Just read the book and this summarizes the key points very well. Thank you.

[NetiNeti]

Here we are March 2020!
2bn of the planet is under lockdown.
Planes, trains, and cars are grounded.
Stocks are down 30% from their peak.
All in a month!
#BlackSwan

[grahamry]

Loving these summaries man! really well done. Question for you. Do you read every book page by page from cover to cover or do you have another approach? I found all of Nassim Taleb's books awesome but getting through them took me quite a bit of time to get through (still working on Skin in the Game actually). Any reading insights on your process would be greatly appreciated. Thanks again.