Another entry in our Books for Students guide by Nassim Taleb. The full title is ‘The Black Swan: The impact of the highly improbable’. the book is important as it explains a specific type of risk, that is, low probability but high impact risks. Taleb coined these risks as “Black Swans” and begins his book explaining the rationale behind the name

With Taleb’s books, there are some information gems but you have to wade through the ramble to get to the parts that you want to learn. He deviates a lot but most of his stories are interesting. The impressive thing about the author is his unique style of writing and how he gets his points across to the reader. A very interesting read for the student risk practitioner