The term 'Black Swan' was popularized by Nassim Nicholas Taleb, a finance professor, writer, and former Wall Street trader. Black Swan events are characterized by their extreme rarity, severe impact, and the widespread insistence they were obvious in hindsight. Some examples of Black Swan events include the 2008 financial crisis, the dotcom crash of 2000, the Asian financial crisis of 1997, the fall of the Soviet Union, and the global spread of the internet.
How do you prepare your business for black swan events like pandemics or financial crises? Rogue Wav...
View summary