The black swan

The unexpected

Issue 86 - spring 2020

Black swans occur in nature, but this is extremely rare. Similarly, the Lebanese financial mathematician and writer Nassim Nicholas Taleb uses the metaphor of the black swan for events that occur completely unexpectedly, have enormous effects and for which explanations are constructed in retrospect - from the discovery of penicillin to the attacks of the 11th September. With the emergence of the COVID-19 pandemic, Taleb's bestseller from 2007 is now experiencing an - unexpected - revival. 

Nassim Nicholas Taleb The black swan, Pantheon, 2nd edition 2019, 624 pages, EUR 16,50