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January 7, 2013

Risk Management: Literal Black Swan and Dire Warning

There's been so much talk about risk management and black swans, well I actually literally saw one today:

A Black Swan in Action A Black Swan in Action

 

And to reinforce the dangers of or for black swans, the following warning had been put up:

Duck Bread is Duck Dead

 

You must always take the extremes of a distribution seriously. You can see the location for yourself here: http://goo.gl/maps/27j6w (you can see the warning sign in the middle distance.)


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