Black Swan logic makes what you don’t know far more relevant than what you do know. Consider that many Black Swans can be caused and exacerbated by their being unexpected.

The inability to predict outliers implies the inability to predict the course of history.

It is easy to see that life is the cumulative effect of a handful of significant shocks.

The greatest dangers are these Black Swans. And we will never be able to compute the possibility of their occurrence.

We know a lot less about hundreds of things than we think we do.

Our brains sway our decisions, investments, elections, futures, spouses, wars, and revolutions, causing things to spread like wildfires

Black Swans being unpredictable, we need to adjust to their existence.

Games are made to be broken – real life is not a game.

In the markets, there is no such thing as a long run. It is the cumulative effect of short runs.

The Black Swan: The Impact of the Highly Improbable