What is a black swan event?
What is a black swan event - Google Search A "black swan event" is an unpredictable, extremely rare event that has a severe impact, and is often rationalized as predictable in hindsight. The term was popularized by Nassim Nicholas Taleb and has three main characteristics: it is an outlier, it has a severe impact, and it is retrospectively predictable. Examples include the 9/11 terrorist attacks, the 2008 financial crisis, and the COVID-19 pandemic. Nassim Nicholas Taleb advised caution and preparedness. Nassim Nicholas Taleb popularized the term "black swan" in his 2007 book, The Black Swan: Second Edition: The Impact of the Highly Improbable: With a new section: "On Robustness and Fragility": Taleb, Nassim Nicholas: 9780812973815: Amazon.com: Books
