MBA1078 Must Read: The Black Swan by Nassim Nicholas Taleb

The $100 MBA Show

Omar Zenhom

Careers, Entrepreneurship, Business, Marketing

4.9 • 1.2K Ratings

🗓️ 27 August 2018

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

Business, like life, has patterns. But just as those patterns can help you understand what’s likely, they can blind you to what’s possible. That might sound like a deep statement, maybe even a little philosophical for a business podcast. But this week’s Must-Read book, The Black Swan by Nassim Nicholas Taleb, is all about thinking deeper than ever before. And by peering into the true nature of things, you can see what other entrepreneurs might miss.

Transcript

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0:15.3	Heyo! Welcome to the $100 R&B-8 show The business lessons you need to keep you going every single day with our daily 10 minute business lessons for the real world.
0:19.0	I'm your host, your coach, your teacher, Omar, is at home.
0:22.6	I'm also the co-founder of the $100 MBA, a complete business training and community
0:27.4	online.
0:28.4	And today's episode is a must-read episode.
0:31.0	On our must-read episodes, I share with you a book that has greatly
0:33.9	influenced me as an entrepreneur. I share with you its takeaways to the
0:37.5	insights I've gained from it and why you should read it too. Today's must read is
0:41.8	the Black Swan by Naseem Nicholas Talip. The Black Swan is a thought-provoking book.
0:47.0	It explores the nature of what we perceive as random events, as well as the logical pitfalls that cause us to miss out on the bigger
0:54.6	picture of things. This is especially important in business because in business we
0:58.0	try to predict trends or try to predict what will happen in our business, in our efforts.
1:04.0	We're constantly playing the statistics and trying to map out all the possible consequences to our actions.
1:11.0	And this book really helps you rethink and redefine how to do that.
1:15.6	Now the offer in a seem Nicholas top is no joke. He made a fortune in the financial
1:20.5	crash because he was able to see things that would happen that others didn't.
1:26.2	His basic investment strategy is basically an idea that most people don't think that tragedy
1:31.6	is going to happen, that bad things are going to happen to us.
1:34.0	We just think it's so very unlikely.
1:37.0	Tollib's idea is that it may be unlikely,
1:40.0	but it doesn't mean it's not going to happen.
1:42.0	In fact, he not going to happen.
	...

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