Black Swans – House Fires, Pandemics, and Financial Crises:
During this Briefing, Gene shared a story from his personal life involving a recent house fire and the parallels between it and other “Black Swan” events such as our current pandemic and past financial crises. For those who may not be familiar with the term, a “Black Swan” event is one that is unpredictable, beyond what is normally expected of a situation, and has potentially severe consequences. Black Swan events are characterized by their extreme rarity, severe impact, and widespread insistence they were obvious in hindsight.
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