What Is a Black Swan Event?
A black swan is a rare, unpredictable event with severe consequences, obvious only in hindsight. It
triggers extreme fear in markets.
1
Rare and severe
An unpredictable shock with huge impact.
2
Obvious in hindsight
We invent neat explanations after the fact.
3
Plan, don’t predict
You cannot forecast it, only stay resilient.
Source: CFGI
Markets