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A black swan (Cygnus atratus) in Australia. The black swan theory or theory of black swan events is a metaphor that describes an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact with the benefit of hindsight. The term is based on a Latin expression which presumed that black swans did ...
The concept of wild cards comes close to the black swan theory described by Nassim Nicholas Taleb in his 2007 book The Black Swan. Black swans however can be seen as events that somehow are written in destiny (or the stars) and will occur anyhow. [7] The title refers to the "black swans" that existed already for millions of years in Australia ...
Tail risk is then the chance of a loss occurring due to such events. These tail events are often referred to as black swan events and they can produce disastrous effects on the returns of the portfolio in a very short span of time. Fat tails suggest that the likelihood of such events is in fact greater than the one predicted by traditional ...
Hedge funder famous for his ‘black swan’ strategy says there’s ‘something immoral’ about America’s reliance on debt—and future generations ‘will bear the burden for this’
The luxurious super yacht − which boasted one of the largest masts in the world and carried a crew of business ... ship's fate constituted a "black swan event," Matthew Schanck, chairman of the ...
"The Black Swan" author Nassim Taleb says he's focused on hedging against a market collapse. He said the market is flashing parallels to prior crashes, noting that it is the most fragile in 20 years.
The Black Swan: The Impact of the Highly Improbable is a 2007 book by Nassim Nicholas Taleb, who is a former options trader. The book focuses on the extreme impact of rare and unpredictable outlier events—and the human tendency to find simplistic explanations for these events, retrospectively. Taleb calls this the Black Swan theory.
The hedge fund veteran said the market will continue to see “pure euphoria” in the short term but will exit the Goldilocks zone toward the end of the year.