Your Window on Wealth AUTUMN 2020 Coronavirus – a black swan event? When the COVID-19 pandemic struck, the severity of its impact on global societies and economies was shocking. Yet critics are insisting that the repercussions could (and should) have been foreseen. Does this make it a ‘black swan’ event? Originally coined by financial theorist and writer Nassim Nicholas Taleb, the term ‘black swan’ has come to denote any event that: • Is extremely rare • Has a severe impact • […]
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