Category Archives: Idealism

The Black Swan: All in the Mind?

The Black Swan: The Impact of the Highly Improbable by Nassim Nicholas Taleb, Penguin, 2007.

I had a mixed reaction to this book, spending much of it trying to avoid being suffocated by Taleb’s ego. More serious was the ignoring of Taleb’s bar-room philosophy (see my previous article) as he pontificated on anything that lurched into view on his meander to the meat of the book in part 3 (p. 213). He says that he gets emotional (p. 252) because of the irrationality of those around him in not coming round to he is way of thinking (and he does have a point) but there is nothing rational about being ’emotional’ and the various rage fits he seems to enjoy provoking in others (p. 64) or indulging in himself (p. 128). Interestingly Taleb’s mother elicits the most revealing passage:

I am reminded of a measure my mother concocted, as a joke, when I decided to become a businessman. Being ironic about my (perceived) confidence, though not necessarily unconvinced of my abilities, she found a way for me to make a killing. How? Someone who could figure out how to buy me at the price I am truly worth and sell me at the price I think I am worth would be able to pocket a huge difference. Though I keep trying to convince her of my internal humility and insecurity concealed under a confident exterior; though I keep telling her I am an introspector–she remain skeptical. Introspector shmintrospector, she still jokes at the time of writing that I am still a little ahead of myself.

Why don’t we all listen to our mothers more. As this article is not nearly flattering enough I guess it will never be read but should Taleb ever read these words I really think he should find out just what humility, what its cause are and what it looks like. Humility comes from inner confidence but bluster comes from insecurity. We all have to do battle with our insecurities and arrogant demons but it is going to be much more difficult if these categories are confused.

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