The black swan theory is a metaphor that describes an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact with the benefit of hindsight. The theory was developed by Nassim Nicholas Taleb.
Facebook Inc. just had the biggest stock-market wipeout in American history. After a disappointing second-quarter earnings report Facebook lost $119.4 billion in market capitalization in […]
Boris Johnson has resigned as foreign secretary, claiming that the UK was headed „for the status of a colony“ if Theresa May’s soft Brexit plans […]
Chinese conglomerate HNA Group founder and Co-Chairman Wang Jian died during a business trip in France on July 3. The local police said it appeared […]
Sweden will send out instructions to its 4.8 Million citizens next week on how to cope with an outbreak of war. The 20-page brochure titled […]
Sturm Ruger shareholders approved a proposal from a coalition of religious women and health care networks that Ruger had for weeks urged investors to reject. […]
Deutsche Bank accidentally sent $35 Billion to an exchange as part of its daily dealings in derivatives, according to a person familiar with the matter. […]
In 2015 Forbes named Elizabeth Holmes (32), the founder of blood testing company Theranos, as the world’s youngest self-made female billionaire. But now her wealth […]
It has become a favorite pastime among investors and company executives to speculate: who will be the first trillion-dollar company? During the dot-com-crazed 1990s, Cisco […]
A unicorn is a private startup technology firm valued at $1 billion or more. Once rare, such companies have proliferated in the last few years. […]
„There’s likely to be another Dark Ages,” Elon Musk (SpaceX) said in an interview at South by Southwest in Austin. The three most important global […]
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