I hear a lot of talk about Black Swans in my cbox these days. It's getting to be pretty cliche because of the constant usage. Just what is a Black Swan? Black Swan theory (capitalized to avoid the reference to actual swans that are black) is a phenomenon, popularized by one of my favourite author, Nassim Nicolas Taleb. Black Swan theory is characterized by 4 things - it's an event that is highly improbable and incalculable probability, highly consequential and finally the event can be rationalized by hindsight after the event. There's a lot of interesting things about Black Swan theory that I've already talked about when I read the books a few years ago. I thought it's a great idea for readers to read it for themselves. Nassim Nicholas Taleb wrote two books on his pet topic, "Fooled by Randomness" and "The Black Swan". I think that the first ......