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The Black Swan: The Impact of the Highly Improbable

Nassim Nicholas Taleb

The Black Swan: The Impact of the Highly Improbable Nassim Nicholas Taleb Amazon Price: $17.79
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Total reviews: 317 Average rating: 3.5 of 5

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Bestselling author Nassim Nicholas Taleb continues his exploration of randomness in his fascinating new book, The Black Swan, in which he examines the influence of highly improbable and unpredictable events that have massive impact. Engaging and enlightening, The Black Swan is a book that may change the way you think about the world, a book that Chris Anderson calls, "a delightful romp through history, economics, and the frailties of human nature." See Anderson's entire guest review below.


Guest Reviewer: Chris Anderson

Chris Anderson is editor-in-chief of Wired magazine and the author of The Long Tail: Why the Future of Business Is Selling Less of More.

Four hundred years ago, Francis Bacon warned that our minds are wired to deceive us. "Beware the fallacies into which undisciplined thinkers most easily fall--they are the real distorting prisms of human nature." Chief among them: "Assuming more order than exists in chaotic nature." Now consider the typical stock market report: "Today investors bid shares down out of concern over Iranian oil production." Sigh. We're still doing it.

Our brains are wired for narrative, not statistical uncertainty. And so we tell ourselves simple stories to explain complex thing we don't--and, most importantly, can't--know. The truth is that we have no idea why stock markets go up or down on any given day, and whatever reason we give is sure to be grossly simplified, if not flat out wrong.

Nassim Nicholas Taleb first made this argument in Fooled by Randomness, an engaging look at the history and reasons for our predilection for self-deception when it comes to statistics. Now, in The Black Swan: the Impact of the Highly Improbable, he focuses on that most dismal of sciences, predicting the future. Forecasting is not just at the heart of Wall Street, but it's something each of us does every time we make an insurance payment or strap on a seat belt.

The problem, Nassim explains, is that we place too much weight on the odds that past events will repeat (diligently trying to follow the path of the "millionaire next door," when unrepeatable chance is a better explanation). Instead, the really important events are rare and unpredictable. He calls them Black Swans, which is a reference to a 17th century philosophical thought experiment. In Europe all anyone had ever seen were white swans; indeed, "all swans are white" had long been used as the standard example of a scientific truth. So what was the chance of seeing a black one? Impossible to calculate, or at least they were until 1697, when explorers found Cygnus atratus in Australia.

Nassim argues that most of the really big events in our world are rare and unpredictable, and thus trying to extract generalizable stories to explain them may be emotionally satisfying, but it's practically useless. September 11th is one such example, and stock market crashes are another. Or, as he puts it, "History does not crawl, it jumps." Our assumptions grow out of the bell-curve predictability of what he calls "Mediocristan," while our world is really shaped by the wild powerlaw swings of "Extremistan."

In full disclosure, I'm a long admirer of Taleb's work and a few of my comments on drafts found their way into the book. I, too, look at the world through the powerlaw lens, and I too find that it reveals how many of our assumptions are wrong. But Taleb takes this to a new level with a delightful romp through history, economics, and the frailties of human nature. --Chris Anderson



This I Believe: The Personal Philosophies of Remarkable Men and Women

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Total reviews: 43 Average rating: 4.5 of 5

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“A welcome change from the sloganeering, political mudslinging and products of spin doctors.”—The Philadelphia Inquirer

Based on the NPR series of the same name, This I Believe features eighty Americans—from the famous to the unknown—completing the thought that the book’s title begins. Each piece compels readers to rethink not only how they have arrived at their own personal beliefs but also the extent to which they share them with others.

Featuring many renowned contributors—including Isabel Allende, Colin Powell, Gloria Steinem, William F. Buckley Jr., Penn Jillette, Bill Gates, and John Updike—the collection also contains essays by a Brooklyn lawyer; a part-time hospital clerk in Rehoboth, Massachusetts; a woman who sells yellow pages advertising in Fort Worth, Texas; and a man who serves on Rhode Island’s parole board.

The result is a stirring and provocative trip inside the minds and hearts of a diverse group of people whose beliefs—and the incredibly varied ways in which they choose to express them—reveal the American spirit at its best.

The Voice of Knowledge: A Practical Guide to Inner Peace

Don Miguel Ruiz, Janet Mills

The Voice of Knowledge: A Practical Guide to Inner Peace Don Miguel Ruiz, Janet Mills Amazon Price: $11.20
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Total reviews: 38 Average rating: 4.5 of 5

Editorial Review:

As little children we know how to live in the moment and be completely authentic. But then something damaging happens to us, according to author Don Miguel Ruiz: we are given "knowledge" about how to live in the world. Parents tell us how to behave in order to be a "good" boy or girl. Teachers tell us what it takes to be a "winner" or a "successful" adult. This collective "voice of knowledge" is not only false--it is often poisonous, explains Ruiz, bestselling author of The Four Agreements. It makes us believe that "I am not the way I should be; it is not okay to be me." Drawing upon the story of Adam and Eve, Ruiz refers to the forbidden tree of knowledge and likens the abandonment of the true self to the fall from heaven. What Ruiz calls "the voice of knowledge" others spiritual teachers might call ego--the hidden and carefully defended belief system that prevents us from living and expressing who we really are. "The structure of our knowledge makes us feel safe….When we discover that we are not what we believe we are, the foundation of our entire reality begins to collapse." In the Toltec tradition, Ruiz says every human is an artist, "and the supreme art is the expression of the beauty of our spirit." He explains that there are two kinds of artists: "the ones who create their story without awareness, and the ones who recover awareness and create their story with truth and love." The recovering of awareness is what this fourth book in the Toltec Wisdom series is all about. This makes for a good bedside spiritual growth book. Each chapter closes with "Points to Ponder"--summary thoughts to sleep upon as you create the more authentic story of your life. --Gail Hudson

On Being Certain: Believing You Are Right Even When You're Not

Robert Burton

On Being Certain: Believing You Are Right Even When You're Not Robert Burton Amazon Price: $16.47
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You recognize when you know something for certain, right? You "know" the sky is blue, or that the traffic light had turned green, or where you were on the morning of September 11, 2001--you know these things, well, because you just do.

In On Being Certain, neurologist Robert Burton challenges the notions of how we think about what we know. He shows that the feeling of certainty we have when we "know" something comes from sources beyond our control and knowledge. In fact, certainty is a mental sensation, rather than evidence of fact. Because this "feeling of knowing" seems like confirmation of knowledge, we tend to think of it as a product of reason. But an increasing body of evidence suggests that feelings such as certainty stem from primitive areas of the brain, and are independent of active, conscious reflection and reasoning. The feeling of knowing happens to us; we cannot make it happen.

Bringing together cutting edge neuroscience, experimental data, and fascinating anecdotes, Robert Burton explores the inconsistent and sometimes paradoxical relationship between our thoughts and what we actually know. Provocative and groundbreaking, On Being Certain, will challenge what you know (or think you know) about the mind, knowledge, and reason.

The Virtue of Selfishness

Ayn Rand

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Total reviews: 123 Average rating: 4.0 of 5

An Excellent Collection of Essays on Objectivism 5 out of 5 stars.
2 of 2 people found this review helpful.

This book contains an excellent collection of essays on Ayn Rand's philosophy of Objectivism and is appropriate for anyone seeking to obtain a deeper understanding of her philosophy beyond reading her novels. A few of the best essays contained within include:

* The Objectivist Ethics -- this is Ayn Rand's presentation of her ethics of rational egoism (i.e., rational self-interest).

* The Ethics of Emergencies -- this is where Ayn Rand discusses how her philosophy applies to many "lifeboat" situations.

* Man's Rights -- in this essay, Ayn Rand discusses what individual rights are and where they come from. Specifically, she argues that rights come from the nature of man (not from divine origin, society or law) and what they mean in practice.

* The Nature of Government -- this essay contains Ayn Rand's view on government's as an agency of force, how the only proper purpose for a government is to safeguard the rights of men, how the only legitimate functions of government are those necessary to preserve individual rights (i.e., police force, army and a court system) and the necessity for a strong, central government to serve as a final arbiter on the use of retaliatory force. This last point is in stark contrast to various anarcho-capitalists such as David Friedman and Murray Rothbard.

* Government Financing in a Free Society -- this essay discusses Ayn Rand's view that in a truly free society, all government financing should be voluntary. However, she does indicate that embracing a system based entirely on voluntary financing would be one of the last steps on transitioning to a truly free (i.e., laissez-faire capitalist) society.

* Racism -- in this essay, Ayn Rand eloquently argues how not only is racism immoral and stupid, but holding racist views is also bad for the holder.

The Geography of Thought: How Asians and Westerners Think Differently...and Why

Richard Nisbett

The Geography of Thought: How Asians and Westerners Think Differently...and Why Richard Nisbett Amazon Price: $10.20
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Total reviews: 49 Average rating: 4.0 of 5

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When psychologist Richard E. Nisbett showed an animated underwater scene to his American students, they zeroed in on a big fish swimming among smaller fish. Japanese observers instead commented on the background environment -- and the different "seeings" are a clue to profound cognitive differences between Westerners and East Asians. As

Nisbett shows in The Geography of Thought, people think about -- and even see -- the world differently because of differing ecologies, social structures, philosophies, and educational systems that date back to ancient Greece and China. The Geography of Thought documents Professor Nisbett's groundbreaking research in cultural psychology, addressing questions such as:

  • Why did the ancient Chinese excel at algebra and arithmetic, but not geometry, the brilliant achievement of such Greeks as Euclid?

  • Why do East Asians find it so difficult to disentangle an object from its surroundings?

  • Why do Western infants learn nouns more rapidly than verbs, when it is the other way around in East Asia?

At a moment in history when the need for cross-cultural understanding and collaboration have never been more important, The Geography of Thought offers both a map to that gulf and a blueprint for a bridge that might be able to span it.

Consilience: The Unity of Knowledge

Edward O. Wilson, Edward Osborne Wilson

Consilience: The Unity of Knowledge Edward O. Wilson, Edward Osborne Wilson Amazon Price: $10.85
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Total reviews: 149 Average rating: 4.0 of 5

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The biologist Edward O. Wilson is a rare scientist: having over a long career made signal contributions to population genetics, evolutionary biology, entomology, and ethology, he has also steeped himself in philosophy, the humanities, and the social sciences. The result of his lifelong, wide-ranging investigations is Consilience (the word means "a jumping together," in this case of the many branches of human knowledge), a wonderfully broad study that encourages scholars to bridge the many gaps that yawn between and within the cultures of science and the arts. No such gaps should exist, Wilson maintains, for the sciences, humanities, and arts have a common goal: to give understanding a purpose, to lend to us all "a conviction, far deeper than a mere working proposition, that the world is orderly and can be explained by a small number of natural laws." In making his synthetic argument, Wilson examines the ways (rightly and wrongly) in which science is done, puzzles over the postmodernist debates now sweeping academia, and proposes thought-provoking ideas about religion and human nature. He turns to the great evolutionary biologists and the scholars of the Enlightenment for case studies of science properly conducted, considers the life cycles of ants and mountain lions, and presses, again and again, for rigor and vigor to be brought to bear on our search for meaning. The time is right, he suggests, for us to understand more fully that quest for knowledge, for "Homo sapiens, the first truly free species, is about to decommission natural selection, the force that made us.... Soon we must look deep within ourselves and decide what we wish to become." Wilson's wisdom, eloquently expressed in the pages of this grand and lively summing-up, will be of much help in that search.

An Enquiry Concerning Human Understanding

David Hume

An Enquiry Concerning Human Understanding David Hume Amazon Price: $5.95
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Total reviews: 15 Average rating: 5.0 of 5

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The Oxford Philosophical Texts series consists of truly practical and accessible guides to major philosophical texts in the history of philosophy from the ancient world up to modern times. Each book opens with a comprehensive introduction by a leading specialist which covers the philosopher's life, work, and influence. Endnotes, a full bibliography, guides to further reading, and an index are also included. The series aims to build a definitive corpus of key texts in the Western philosophical tradition, forming a reliable and enduring resource for students and teachers alike.
Now one of the most widely read works in philosophy, David Hume's An Enquiry concerning Human Understanding (1748) introduced his philosophy to a broad educated readership. In it he gives an elegant an accessible presentation of strikingly original and challenging views about the limited powers of human understanding, the attractions of skepticism, the compatibility of free will and determinism, and weaknesses in the foundations of religion. In this volume, an authoritative new version of the text is enhanced by detailed explanatory notes, a glossary of terms, a full list of references, and a section of supplementary readings.

The Portable Enlightenment Reader (The Viking Portable Library) (The Viking Portable Library)

The Portable Enlightenment Reader (The Viking Portable Library) (The Viking Portable Library) Amazon Price: $12.24
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Total reviews: 5 Average rating: 4.0 of 5

An Enlightenment Buffet 5 out of 5 stars.
43 of 46 people found this review helpful.

The eighteenth century Enlightenment is one of the most interesting and exciting periods of intellectual history. The thinkers of that age had a sizable impact on concepts of science, nature, politics, religion and society. How do we become immersed in the wealth of writing of that period, however, without giving up job and family in order to read the works of the Enlightenment authors?

This reader is an excellent book for novices and experienced readers alike. It is an excellent 600+ page book filled with short, pithy excerpts from the key thinkers of the period. Actually the writings go back as far as 1620 with an excerpt from Francis Bacon where he puts down the Greek philosophers and introduces what is to become the scientific method. Beccaria comes up with novel thinking on crime and punishment. Does the death penalty deter crime? How about the punishment fitting the crime instead of being meted out at the whim of some aristocrat?

Montesquieu, Voltaire, Rousseau and Paine weigh in with their political philosophy. The skeptics speak up with their religious criticisms. Manners, morals, art, war, and gender and race issues are all discussed by the likes of Mary Wollstonecraft, David Hume, Reynolds, Pope, and Bentham.

Bite sized as these entries are, they give the flavor of Enlightenment thought. And, importantly for the general reader, they are all mentally digestible. You don't have to read every paragraph six times in order to get a glimmer of the authors' meanings. The represented authors are not just from France either. The best thinkers from France, Italy, Germany, the United States and Great Britain are represented.

Selected Writings

Karl Marx

Selected Writings Karl Marx Amazon Price: $13.46
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Total reviews: 3 Average rating: 4.0 of 5

Excellent 5 out of 5 stars.
5 of 9 people found this review helpful.

I'm taking anthropology in College, and Marx has been a big influence in the studies. One of the required textbooks was this one. It was great. It goes deep into socilogical culture analysis, communism, and religion.

i would recommend this book to anyone!

let take a walk through social revolution 4 out of 5 stars.
5 of 11 people found this review helpful.

Karl Marx is absolutely brilliant concerning his approach to peasant revolution. Such examples of his brilliance is China, Russia, Southeast Asia, and Cuba. Marx understood the importance of the proletarian's existence in the social order and food chain. In these selected writings, Marx discusses the manipulation of the proletarian by the bourgeois social class, the importance of a collectivist society, the failures of capitalism, the advantages of socialism, etc... Ultimately, Marx states that, with the exception of China, capitalism will evolve into perfect communism. He also states on page 175 10 characteristic of a capitalistic society evolving into communism: 1)abolition of land property and rent, 2)a progressive income tax, 3)abolition of all inheritance, 4)confiscation of property, 5)centralization of credit into the state, 6)centralization of communication, 7)state-owned businesses, 8)equal liability to all labor, 9)abolition of difference between town and country, and 10)free education in public schools. This book is an excellent edition to any student of political philosophy.

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