Tuesday, March 15, 2011

Black Swan: Japan's Earthquake, Tsunami, and Nuclear Tragedies

The human loss is still untold and the rest of the world will share the grief and misery of Japan for months to come.  But already it is clear that the suffering nation's crippled economy is going to impact the rest of the world.  A "Black Swan" is an unforeseen rare event whose impact is huge.  The term was popularized by Nassim Taleb in his 2007 book of the same name.

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