American Gray Swans – Week 38 – A Quick Review
As many now know the Gray Swans are an adaptation of Nassim Taleb’s famous theory on a Black Swan Event. A Black Swan is an unpredictable event that is catastrophic – a game changer. Most famous was 911. The world changed that day and virtually none of us had a plan for it.
A Gray Swan is a predictable event that is catastrophic. Unfortunately there is some quirk in human psychology that seems to ignore the inevitable. Catastrophes that are predictable yet we do not do anything about planning for them? Let us sit like ignorant “sitting ducks” and wait for a Gray Swan to land.
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