NASSIM TALEB: Consider The Thanksgiving Turkey...
- Myles Udland for Business Insider November 25th, 2014
- Source: http://www.businessinsider.com/nassim-talebs-black-swan-thanksgiving-turkey-2014-11
In the financial world, everyone loves to talk about "potential Black Swan events."
Societe Generale even releases a quarterly chart of "Black Swan" risks.
The concept of a "Black Swan" event takes its name from Nassim Taleb's 2007 book "The Black Swan." But there's a slight problem: acknowledging an event's possibility means it can't be a Black Swan.
To wit, SocGen's most recent Swan chart says that further deterioration in the economic situation in Europe poses a risk to the market. And like, objectively, a European economy that performs poorly is bad for the market. But this also isn't a Black Swan. Or, can't be a Black Swan.
