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As the effects of the financial crisis hit global markets, far away across the Pacific Ocean, 23-year-old Liang Wenfeng, ...
Popularized by Nassim Nicholas Taleb in his 2007 book, "The Black Swan: The Impact of the Highly Improbable," the term has been used to describe a litany of market catastrophes such as the 2008 ...
“The Black Swan: The Impact of the Highly Improbable.” Black-swan events are sudden, awful, unpredictable and extremely rare; market crashes definitely qualify. Before discussing black swan ...