Stalking the Black Swan - Research and Decision Making in a World of Extreme Volatility

Key Insights from "Stalking the Black Swan"

1. Extreme volatility: The book explores the concept of extreme volatility and its impact on financial markets and investment strategies.
2. Black Swan events: It delves into the idea of extreme, unpredictable events (Black Swans) and how they can disrupt even the most carefully laid plans.
3. Effective decision-making: The book provides strategies for effective decision-making in the face of uncertainty and volatility.
4. Role of research: Posner emphasizes the importance of thorough research and fact-finding in navigating volatile environments.
5. Psychological biases: The book highlights the role of psychological biases in decision-making, and how to counteract...

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