Banish the Black Swan
Sun, 10/23/2011 - 19:33
On Bloomberg, my column about how the once-useful term black swan has been trivialized and overused into an excuse for bad planning and lack of foresight.
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Banish
People that dont't understand the true meaning of this expression should be banished!
How things are
It is amazing how simple terms become means of expressing more than meets the eye.
Today everything is either a
Today everything is either a black swan or a bubble. But this is crazy. By definition a black swan or bubble must be a rare event that comes way out of left field. However, there seems to be an "industry" that is trying to "manufacture" black swans or bubbles to a gullible public.
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