Black swan and gray rhino
“Blacks swans” and “gray rhinos” refer to two very different but dangerous threats for investors. Nassim Taleb popularized the term “black swan” through his book (es) with the same name. But the black swan theory comes from much farther and is a metaphor describing an unforeseen event that has major effects. These events are so rare that they do not enter into the computations or any kind of possible expectations; although in retrospect it seemed predictable. At the same timeRead More→