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Originally published at Reading Reality
A “rare event” in stock market terms is often referred to as a “black swan event,” something that is both disastrous and whose effects were impossible to predict in advance. A hurricane has a disastrous effect on the economy, but they can’t be predicted more than a few days out, for example.
All you can do is hedge your bets. Have insurance. Or not live in a hurricane-prone area. Or have an emergency evacuation plan.
P.D. Singer’s The Rare Event came down to ...more
A “rare event” in stock market terms is often referred to as a “black swan event,” something that is both disastrous and whose effects were impossible to predict in advance. A hurricane has a disastrous effect on the economy, but they can’t be predicted more than a few days out, for example.
All you can do is hedge your bets. Have insurance. Or not live in a hurricane-prone area. Or have an emergency evacuation plan.
P.D. Singer’s The Rare Event came down to ...more
Apr 30, 2012
Mtsnow13
marked it as to-read
Jan 04, 2012
Kokopelli
marked it as to-buy
Mar 01, 2013
Paul
marked it as to-read
Oct 26, 2014
Kelly (Maybedog)
marked it as maybe
