May 17, 2022

Don’t Let a Little Black Swan Scare You

From Volume 5, Issue 9:The term “black swan” refers to the shocking discovery that not all swans are white, something the world was sure about until new data came in. Now it’s used for big, bad surprises, like discovering that playing fast and loose with marginal loans and generating huge annual returns on investments couldn’t go on forever and would lead us into a recession. We all have black swans in our lives, but we can change the way we deal with them so they aren’t constantly causing stress.

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