Black Swan

[bchad]

@purealpha

It’s more that people just choose to ignore these risks, because you can always say to investors “well, who could have known”. There is also the “but everyone else was doing it too, and they didn’t see it coming either” excuse. I don’t believe they can not be imagined and modeled.

It’s almost as if it’s better to fail conventionally than to succeed unconventionally.