In the realm of investing and finance, the terms “white swan” and “black swan” are often used to describe two distinct types of events or outcomes. A “white swan” event is one that is highly predictable and has a significant impact on the market, while a “black swan” event is one that is highly unpredictable and has a profound impact on the market.
The concept of white swan and black swan events was popularized by Nassim Nicholas Taleb in his book “The Black Swan: The Impact of the Highly Improbable.” In the book, Taleb argues that black swan events are more common than we think and that they can have a devastating impact on our lives. He also argues that we need to be better prepared for these events.