He also reminds readers that banks and other financial institutions don't usually
take Black Swan Events into consideration in their risk models, and so they aren't prepared to handle them — which we saw in the financial crisis of 2007.
Not exact matches
«Therefore, precautionary measures should be
taken to prevent not only «
black swan» but also «gray rhino»
events.»
Conservation managers should
take a note from the world of investments and pay attention to «
black swan»
events, a new study posits.
Los Angeles — «
Black Swan,» a melodrama set in the ballet world,
took center stage among the nominees for the Critics» Choice Movie Awards, an
event that has surpassed the Golden Globes as a leading Oscar predictor.
These are the steps I would
take in the
event I sorely underestimate the expense of our retirement lifestyle, experience «sequence of return» risk (i.e. a significant drop in investments during my first 10 years of retirement), or the long term growth of my investments pales in comparison to historical returns for miscellaneous reasons or
black swans.
Wayne Lusvardi Not having experienced it does NOT mean it is a «
Black Swan»
event — just that they did not
take the effort to do a full failure tree analysis.
The title of this post is
taken from an article of the same name by Michael Ferrari, who raises the issue of extreme weather
event black swans in the context of climate change.