In this video, you will learn about black swan events. #blackswanevent #nassimtaleb #wallstreetmojo #fooledbyrandomness #finance Chapters: 00:00 – Introduction 00:50 – What is black swan event? 01:51 – Features of black swan events 02:41 – Examples 03:11 – Risk management strategies 04:33 – Conclusion What is black swan event? A black swan event is an unpredictable incident that occurs as a shock and can have positive or negative consequences. The term was coined by Nassim Nicholas Taleb, a professor at New York University, also an ex Wallstreet trader in his books, Fooled by Randomness and The Black Swan. (Explained in detail in the video) Features of black swan events In his books, Nassim Taleb has laid down some attributes of such black swan events, and the most obvious one is that such events are rare and unpredictable, and no one imagined it could happen. It is considered that such events …
