Black Swan Orange

Nationwide Emergency Alert System — A Faltering Sense of Security

13 min · 4 de oct de 2023
Portada del episodio Nationwide Emergency Alert System — A Faltering Sense of Security

Descripción

Today, October 4th, at about 2:20 pm EDT, the U.S. government is conducting a test of the Nationwide Emergency Alert System (NEAS). Here is a list of the communication methods the system will use to communicate to everyone about a national threat. The first is … electronic…. Okay, that completes the list of all the communications methods for the Emergency Alert System. In this episode, we’ll be looking at the effectiveness of the NEAS in warning us of two specific catastrophic Black Swan events.

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Black Swan Opportunities

I’m thrilled to introduce the topic of Positive Black Swans, also known as Black Swan Opportunities.  Given that Black Swans are rare, unexpected, and unpredictable, we benefit by having a so-called healthy fear of the negative ones to help break us out of our usual daydream bubble of a mostly calm and predictable daily life.   We commonly refer to positive unexpected events and situations as opportunities. In fact, Taleb talks quite a bit about such opportunities, what he calls Positive Black Swans.  He writes, "Seize any opportunity or anything that looks like opportunity. They are rare, much rarer than you think." Now, Nassim Taleb is not the only smart and wealthy guy who believes and advocates this strategy.  Warren Buffett developed 7 rules of investing. Rule Number 7 is: “Big opportunities have to be seized. You have to grab them when they come because you’re not going to get 500 great opportunities.”

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