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.
Germany’s biggest lender, Deutsche Bank, accidentally sent $6bn to a client after entering the wrong numbers (June 2014)… According to the report a junior member […]
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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