“There are two possible ways to approach phenomena. The first is to rule out the extraordinary and focus on the ‘normal.’ The examiner leaves aside ‘outliers’ and studies ordinary cases. The second approach is to consider that in order to understand a phenomenon, one needs first to consider the extremes—particularly if, like the Black Swan, they carry an extraordinary cumulative effect.”

in Epistemology, Nassim Nicholas Taleb, Writers

-Nassim Nicholas Taleb, The Black Swan: The Impact of the Highly Improbable (New York: Random House, 2007).

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