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We’re not talking about academic definitions, but explicitly what the guy who invented the concept has said and how he’s used that understanding. Again, in his
by claudeganon 6y ago
We’re not talking about academic definitions, but explicitly what the guy who invented the concept has said and how he’s used that understanding.
Again, in his book, he says that pandemics are not black swans. Taleb used this knowledge to advise a fund that saw massive returns betting that all of this would happen:
https://www.bloombergquint.com/business/taleb-advised-universa-tail-risk-fund-returned-3-600-in-march https://www.bloombergquint.com/business/taleb-advised-univer...
- icedchai 6y agoYes, the pandemic itself is not the "black swan." Pandemics have happened before. But none of them caused a reaction like this. None of them caused voluntary shutdowns of all the world's major economies at the same time.