We might not have as much control in our lives as we think. The Black Swan by Nassim Taleb explains how random and unpredictable events (black swans) can have massive consequences on the world in which we live.
In this episode I discuss how we have tendencies to confirm our own biases when analyzing facts, draw narratives when they aren't really there, and make decisions without examining unseen evidence. All of this leads to us not understanding how we fail to see Black Swans coming, even though we convince ourselves that we can predict the next one.
I also discuss two more books and compare them with the lessons in The Black Swan:
- What does an old economics book, Economics in One Lesson by Henry Hazlitt, tell us about the unseen world?
- What advice from Creativity, Inc. does Ed Catmull, founder of Pixar, have about the random events that account for the creation of successful companies?
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