The Back Swan

This latest step in Taleb's migration from derivatives trader to bubble-gum philosopher comes on the heals of his hedge fund, which folded after years of poor performance. Similar to his Fooled by Randomness, this book is even less about trading. Mostly, Taleb tells us that unanticipated things sometimes happen. When that tapers out, he retrieves fractals from the scrap heap of applied math to wow his hopefully uninformed readers. Fractals flopped because no one ever found a use for them. Come to think of it, that may be a problem with this book ...

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