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Black Swan Theory By Pauline Yong http:// www.stocktips123.com
Recently, there are a few "unimaginable" events one after another unfolding before
our eyes. The 2008-2009 global financial crisis, the recent Middle East wars and
the Japanese "Black Swan" 9.0 earthquake. I call these events "unimaginable" not
so much because they are illogical but rather because they fall outside the normal
range of experience and prediction. The surprise, in other words, arises from a
failure of human imagination.
The Black Swan Theory was developed by Nassim Nichalas Taleb in 2007 where he
described many historical events as black swans, be it scientific new discoveries,
wars, financial crisis or natural disasters as black swan events. Examples of such
events are: World War 1, internet development, 911 World Trade Centre terrorist
attack, the subprime financial crisis and so on.
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Martin Wong
Trading Coach
Investmatic Management, SoHo, Ara Damansara, Selangor DE, Petaling Jaya 47301, Malaysia
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