The Legend of Nassim Taleb Part1

Taleb has proven in a very convincing manner as to why the Finance, Economics etc. are pseudo sciences. And why the game Bankers or Quants play i.e. taking large risks based on models or probabilities that do not work in the real world are bound to fail. Most of the critics of Taleb are unfair in that either they havent read the Black Swan or are biased in certain manner or it is their mental models that are hard to change. Taleb's contribution is so immense that it is bringing about a revolution in investment related professions, finance syllabi, management books etc. I am surprised to see how quickly his ideas have been adopted. Here are a few of the examples of books which have incorporated Taleb's Ideas in one way or another, and I am only referring to big ticket authors:

1- When Markets Collide by El Erian
2- Readings in Financial Institution Management by Tom Valentine, Guy Ford
- Sociology and Health: Peter Morall
3- The unthinkable: who survives wen disaster strikes and why by Amanda Ripley
4- Wealthwar and wisdom: Barton Brigg
5- Financial Armageddon: Michael J. Panzer
6- Jump the Curve: 50 essential strategies to help your company stay ahead of the curve
7- Beyond Value at Risk : Kevin Dowd

Taleb's biggest lesson in learning is " To learn the General and not Specific".

Nassim on Reuters

An Infinite Gold Mine- The Human Brain

Consider the following two statements and just think about the implications:
1- "The problems we have created in the world today will not be solved by the level of thinking that created them"- Einstein

2- The world around us has changed very quickly. This change is undoubtedly the fastest in the history of mankind. The pace of change is so fast that the evolution of our brain and ,as a result, our thinking lags far behind.

Is there a way for us to make our brain and thinking take a quantum leap and make up to this tremendous gap. The human brain is probably the least explored area. The research that has been going on in this area has brought to light new revelations about this few pounds of gray matter. We can never be able to learn at the speed and quantum that we infact are capable of until we learned a bit about the functioning of our brain and how to improve it. Yes there are tons of material, theories, techniques. But 99% of it is outdated. I have recently been exploring a lot and found some excellent compilations. Now, it is again an honour for me to share with you two such books which comprehensively and yet in an entertaining way takes us to the journey to the centre of our brain :) . I have also embedded these here
to save you so,e dollars and a visit to the book shop. Please share with me your thoughts. Following are these two gems:

1- The Art and Science of Common Sense by Karl Albrecht : The Art and Science of Comon Sense

Publish at Scribd or explore others: Business Research learning Common Sense

2- The power of Impossible Thinking: The.power.of.Impossible.thinking 0131877283

Publish at Scribd or explore others: Research Business & Legal how to think mental models