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.
In just 20 minutes the New York Stock Exchange had witnessed it’s biggest stock plunge in decades. It was 6 May 2010, when the index […]
The landscape of mergers and acquisitions is littered with business flops, some catastrophic, highly visible disasters that were often hugely hyped before their eventual doom. […]
Japan avoided the biggest of all „fat finger“ meltdowns on Wednesday when an unidentified large stockbroker managed to cancel rogue trades worth more than ￡380bn. […]
Zuerst fürchteten wir die Tiere, die die Erde mit uns teilten. Dann, als unsere Macht wuchs, betrachteten wir sie als unseren Besitz, über den wir […]
Yesterday, the Twitter feed of the Associated Press told us that Barack Obama had been injured in an explosion at the White House. The tweet […]
Die Wahrscheinlichkeit eines langandauernden und das Gebiet mehrerer Bundesländer betreffenden Stromausfalls mag gering sein. Träte dieser Fall aber ein, kämen die dadurch ausgelösten Folgen einer […]
Lehman Brothers Holdings Inc., the fourth-largest U.S. investment bank, succumbed to the subprime mortgage crisis it helped create in the biggest bankruptcy filing in history. […]
A Lehman Brothers trader keyed in £300m instead of £3m at the end of business on Monday and the FTSE100 lost 130 points, or a […]
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