Black Swan Orange

Petite, Gorgeous and to Die For

7 min · 6 sep 2023
aflevering Petite, Gorgeous and to Die For artwork

Beschrijving

It’s been a rough summer. As we count down the waning days of summer post-Labor Day, perhaps what we need is a relaxing day at the beach. The rhythm of the waves breaking, the cry of gulls overhead, children laughing as they run in the surf. Who knows, perhaps we’ll even spot some petite, gorgeous, to-die-for creature relaxing on the sand. In this episode, we’ll turn our eyes and thoughts to such rare and exquisite beauties. And the rare and exotic creatures I’m talking about are Black Swans — of course! Only they don’t look like a swan at all. And that can be a BIG problem.

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aflevering Black Swan Opportunities artwork

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.”

20 sep 20239 min