There is a lot of entertaining philosophy in his text and one must really dig deep to extract practical tools to use in this environment full of black swans, randomness, and fragility. Here are a few of his ideas that you can apply if a black swan investing strategy fits your personality.
What Is A Black Swan?
A black swan is a metaphor for an event that comes as a surprise but has a huge impact on the market and is later rationalized. For example, the 2008 housing crisis was such an event. Now it’s clear why and how it happened, but only a few saw it coming in 2007. A positive black swan would be an even that is a surprise but has a huge positive impact. More →