• The term “black swans” is used to describe highly consequential, yet highly unlikely events that can only easily be explained in hindsight.
• Tech, business, science, and even culture have all been shaped by the appearance of black swans.
• Black swans are becoming more consequential due to the world being more connected.
• Humans are naturally subject to numerous blind spots, illusions, and biases.
• The bell curve is a standard statistical tool that is often misused, resulting in a negative bias that ignores black swans.
• The “power law distribution” is a statistical tool that is better at modeling important phenomena.
• Much of the time, expert advice is useless;  forecasting is deemed a pseudoscience.
• It is possible to train yourself to appreciate randomness and overcome cognitive biases, but it takes work. 
• Positive black swans do exist; Weigh up the odds so you can avoid the negative black swans.

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The above is inspired from the bestselling book "The Black Swan" by Nassim Taleb.

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