Money Magazine

Embrace the black swans

Back in 2007 I was given a book called The Black Swan by Nassim Nicholas Taleb. At that time the concept of black swans was rarely talked about: those random events that underlie our lives, ranging from world disasters to great advances. Their impact is huge, and nearly impossible to predict. The book’s message was to stop trying to predict everything and take advantage of uncertainty.

The term became quite overused during events such as September 11,

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