Navigating Black Swans in Investing

This chapter explores the unpredictable nature of 'black swans' and their impact on society and finance. It emphasizes the need for a strategic approach in investing, balancing low-risk options with high-reward opportunities while preparing for unforeseen events.

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Ever felt like life just sucker-punched you out of nowhere? That's exactly what Nassim Taleb calls a Black Swan event.

Most people think they can predict the future by looking at patterns. They study charts, analyze trends, and feel safe in their little bubble of certainty.

However, the biggest events that shape our lives—market crashes, pandemics, breakthrough innovations—are the ones nobody sees coming. ..

Beyond that, it's about how your brain tricks you into thinking you understand a world that's fundamentally unpredictable: