What the Dog Saw: And Other Adventures is the fourth book released by author Malcolm Gladwell, on October 20, 2009. The book is a compilation of the journalist's articles published in The New Yorker.
Blowing Up: How Nassim Taleb Turned the Inevitability of Disaster into an Investment Strategy
Nassim Taleb is a tall, muscular man in his early forties. His eyebrows are heavy and his nose is long. He can be very moody and is an investment banker turned Wall Street trader. Victor Niederhoffer is an elderly, energetic, successful money manager. One day in 1996, Taleb took a trip to see Niederhoffer. They explore their similarities and differences and come away with the main idea that Niederhoffer has made his fortune operating on the assumption that events happen according to predictable patterns.
Taleb doesn’t see things in the same way and spends a good deal of time explaining how the stock market can’t be quantified in such a way that true patterns could emerge. He has constructed his trading philosophy on the possibility that some random, unexpected event could sweep the market. He likes to say, “No amount of observations of white swans can allow the inference that all swans are white, but the observation of a single black swan was sufficient to refute that conclusion.”
“Options” bought and sold on the market, allow investors to gamble heavily, and turn one dollar into ten. The risks of all their bets can’t be quantified, thus driving the game. Taleb discusses how the stock market can’t be characterized by a normal statistical distribution.
In a normal distribution, one would expect to see one big jump (over 5 standard deviations from the mean) once every 7000 years. But in reality, we see a jump occurring once every 3 or 4 years, because of investors panic, copy each other’s actions, and act outside of the rules of mathematical distribution. Another point Taleb raises is that there is no way to tell whether a particular reason causes success, or if said reason is purely a rationalization invented after the fact. Quicklet)
This is teaching materials for a New Yorker article.
The vocabulary, questions, and research for this article are mostly related to the stock market and how it works.
Before the reading or the assessment, there is a pre-reading sheet that asks students for prior knowledge, opinions, and prediction on the subject, along with vocabulary acquisition (words that need to be introduced to better understand the information) and priming the reader in order to get them to think about the subject.
The post reading assessments included vocabulary acquisition, critical thinking questions, and recall or comprehension questions on one sheet. These questions come in the forms of a mixture of matching, short answer, and multiple-choice. By completing this sheet the student will demonstrate an understanding of the material on multiple levels. The student will also need to use the internet to complete some simple research to answer
The other assessment is a creative art sheet. The creative art sheet asks the student to use the details from the article and their own knowledge, experiences, and imagination to synthesize a totally new work, this is a picture that is a visual representation that recreates of details, person or maybe the student's use or view of an aspect of the article. Along with this picture the student will explain their work with a short explanation.
While these articles are part of Gladwell’s book “What the Dog Saw” they were all previously publish and are available free for download on the author's website and from the New Yorker, as this is the case I am including the article.
The materials provided
1 Informational article
1 Post reading informational article worksheet
1 Pre-reading informational article worksheet
1 Creative Art Sheet
1 Answer Key