Quicklet on Nassim Taleb's Fooled by Randomness (CliffNotes-like Summary)

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Publisher : Hyperink Inc
ISBN 13 : 1614649650
Total Pages : 34 pages
Book Rating : 4.6/5 (146 download)

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Book Synopsis Quicklet on Nassim Taleb's Fooled by Randomness (CliffNotes-like Summary) by : Abdul Montaqim

Download or read book Quicklet on Nassim Taleb's Fooled by Randomness (CliffNotes-like Summary) written by Abdul Montaqim and published by Hyperink Inc. This book was released on 2012-02-24 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: ABOUT THE BOOK When I was in school I considered a career in finance. Or to be more embarrassingly precise, I considered becoming an accountant. I chose the appropriate subjects and got myself onto a business degree course. I was still only 19 and you could say I was following a non-random course towards my career objective. But then, just months before I was supposed to start my degree course, in what might be considered random events, I became involved in newspapers and learned skills such as writing and page layout. I decided against the degree course. I managed to get some money together to launch my own publication. And I’ve been in the media ever since. I feel lucky that the circumstances that I found myself in at that time have resulted in a relatively long and moderately successful career in journalism, but I can’t help thinking that none of it was planned and, therefore, on one level, it was random. I’m not sure Nassim Taleb, author of Fooled by Randomness, would agree with me, however. In fact, even if Taleb spent a wrote book explaining his thoughts on the matter, I’m not sure that I’d completely understand it—such is the depth to which he analyses events and the complexity of his theories about said events. MEET THE AUTHOR Abdul Montaqim is a journalist, based in London, and has been working in the media since 1989. Among the more well known titles he has written for are The Guardian newspaper, Time Out magazine and the International Business Times website. He has edited a number of local and community newspapers, magazines and websites, and has, over the course of his career, worked for some of the largest publishers in Europe, including Emap, LLP and Mirror Group Newspapers. Abdul has also worked outside of the United Kingdom, moving to Abu Dhabi for a year to work on the first national daily newspaper in United Arab Emirates, The National; and he has consulted for media companies in Bangladesh, where he was born. Abdul briefly worked for a New York-headquartered cable television channel called AsiaNet as a news editor, and realised that although he loves researching, writing and other "technical" parts of a journalist's job, he does not like presenting, preferring to be behind the camera or back in the studio. He also realised that, although reporting a story through the medium of television is obviously different from telling it through a newspaper or magazine, the heart and mind of every media company is researching and writing. In his spare time, Abdul likes to spend time with his family, cooking, eating, watching films, listening to music, reading and writing. When he goes out he likes to watch movies at the best cinemas, see live music performances, and eat at good restaurants. He also loves gardening, fishing and going for long walks. EXCERPT FROM THE BOOK Taleb touches on Darwin’s theory of evolution. He does not share the widely held view that Darwinism can be applied to the business world. Meaning that he doesn’t believe that the strongest companies will survive and the weakest will become extinct. “Things are not as simple as that,” he writes. The problem, he explains, comes from randomness. “Once randomness is injected into a system... what seems to be an evolution may be merely a diversion, and possibly regression...” Buy a copy to keep reading!

Quicklet on Nassim Taleb's The Black Swan (CliffNotes-like Book Summary and Analysis)

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Publisher : Hyperink Inc
ISBN 13 : 1614646848
Total Pages : 62 pages
Book Rating : 4.6/5 (146 download)

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Book Synopsis Quicklet on Nassim Taleb's The Black Swan (CliffNotes-like Book Summary and Analysis) by : Leslie McIntyre

Download or read book Quicklet on Nassim Taleb's The Black Swan (CliffNotes-like Book Summary and Analysis) written by Leslie McIntyre and published by Hyperink Inc. This book was released on 2012-07-30 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: ABOUT THE BOOK The first edition of Nassim Nicholas Taleb’s second mainstream work, The Black Swan: The Impact of the Highly Improbable, was published by Random House in April of 2007. In this book Taleb says many, many things; he warns against the dangers of ignoring outliers and trusting experts; he gives advice on how to position oneself to take advantage of the unexpected; he creates a fictional narrative about an author’s rise to literary stardom; and he draws upon the work of some of his favorite (as well as his most despised) thinkers in the fields of philosophy, mathematics, and psychology. But the thing about The Black Swan that is most likely to grab the contemporary reader’s attention is its apparent prediction of the financial collapse that occurred only a few months after its publication. Though Taleb argues against the validity of economic forecasts, he makes some eerily specific critiques of the banking industry, “just months before the subprime fiasco rocked global markets and led banks to announce at least $208 billion worth of writedowns,” according to Bloomberg News. Any criticisms of The Black Swan seem to fade given the uncanny timing of its release. In the wake of the financial crisis, while other economists cringed at their lack of foresight, Taleb was hailed as a prophet. EXCERPT FROM THE BOOK While we might prefer to believe that the world operates in a linear fashion, Taleb assures us this is not so. Says Taleb, “[N]onlinear relationships are ubiquitous in life. Linear relationships are truly the exception; we focus on them in classrooms and textbooks because they are easier to understand (89).” Chapter Eight Giacomo Casanova’s Unfailing Luck In Chapter Eight, Taleb introduces the concept of silent evidence. Like the antilibrary, silent evidence emphasizes what is not known over what is. Essentially, silent evidence are those instances which do not produce a Black Swan and thus do not receive acknowledgement. As an example, Taleb points to the many, many talented writers who never get their big break and whose work, therefore, is never inducted into the literary canon. Since such works are generally inaccessible, we tend to discount their relevance and focus solely on the Black Swan works that did, through some combination of talent and good fortune, secure their place in literature. In essence we tend to give disproportionate weight to the stories of those who succeed in some manner or another -- by making a medical breakthrough, by becoming a millionaire, or, in some cases, by simply surviving. The tendency to ignore silent evidence (the failures), Taleb says, results in a distortion bias, “the difference between what you see and what is there... Buy the book to continue reading! Follow @hyperink on Twitter! Visit us at www.facebook.com/hyperink! Go to www.hyperink.com to join our newsletter and get awesome freebies! CHAPTER OUTLINE Nassim Taleb's The Black Swan + Introduction to The Black Swan + Introducing Nassim Nicholas Taleb + The Black Swan: An Introductory Overview + Chapter Summaries + ...and much more

Pioneers of the Computer Age: from Charles Babbage to Steve Jobs

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Publisher : Lulu.com
ISBN 13 : 1471661962
Total Pages : 90 pages
Book Rating : 4.4/5 (716 download)

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Book Synopsis Pioneers of the Computer Age: from Charles Babbage to Steve Jobs by : Abdul Montaqim

Download or read book Pioneers of the Computer Age: from Charles Babbage to Steve Jobs written by Abdul Montaqim and published by Lulu.com. This book was released on 2012-04-08 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is intended to provide an introduction to, and an overview of, the computer industry - or the "Computer Age" - as well as the key people who created the computerised world we live in... without too many technical details. The idea is to offer a snapshot of the industry at this point in time and find out how it got where it is today, highlighting its most notable inventions and innovations and the pioneering people who are responsible for them.Extract: The original human computers used tools to help them calculate. The most well known calculating tool from antiquity is the abacus, which was usually made from wood and featured a frame containing sticks along which beads could be moved. It is believed that the abacus was invented some time between 2700-2300 BC, in Sumeria, and its forerunner was probably a system whereby stones or beads were moved along grooves in the sand or ground, or tablets of wood, stone or metal.