Aviation Strategy

Aviation ingests a huge
Black Swan — March 2020

The term “Black Swan” was popularised by the philosopher/financial trader/statistician/polymath Nicholas Taleb* to describe an unpredicted event that has catastrophic consequences. From ancient times to the 1600s all swans were assumed to be white and the term “rare as a black swan” was used to describe an extremely improbable or impossible happening; then Europeans started to explore Australia and discovered that there were indeed black swans. ……

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