Black swan

September 11, 2001 – the world witnessed an event that nobody had anticipated. The twin towers of the World Trade Centre at Manhattan, New York were blown away using aeroplanes of a US airline.

This was a “black swan” event – an event that one could not envisage. However, the probability of such an event is near zero and not exactly zero.

Be aware. A black swan phenomenon is one that even experts could not foresee.

in the financial markets, the collapse of LTCM was one such event. Read more about it in the book …

#RidingTheRollerCoaster – 239

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