|
|
|
|
|
|
by killjoywashere
1466 days ago
|
|
|
The point of the black swan is you can't model it. You can't predict COVID-19. You can't predict Russia renouncing it's debt, leading to the collapse of LTCM. You can't predict Hurricane Katrina hitting just so as to push feet of water into Lake Pontchartrain. You can't predict the the 1989 Loma Prieta earthquake. You can know everything there is to know about epidemics, finance, weather, and seismology, and you still can't predict those events. So don't. Do you best to build robust systems, looks for places with excessive efficiencies, and plan mitigation strategies in advance. |
|
|