Jackson had the wisdom to look at low-probability but high-consequence events that could rock his business.
FORBES: Magazine Article
The question of how to prepare for low-probability, high-consequence events is one of the most difficult in government and business.
FORBES: The Blurring Line Between Natural and Manmade Disasters
From an investor's perspective, the idea of planning for low-probability, high-consequence events is well treated in Nassim Nicholas Taleb's book The Black Swan: The Impact of the Highly Improbable.
Ukip leader Nigel Farage was convinced that the UK would leave the EU as a consequence of events set in train by the UK veto.
BBC: Barroso criticises UK approach to summit
Perhaps economic stagnation (or worse) is an inevitable consequence of the 2008 financial crisis and - increasingly - events in the eurozone.
BBC: The Bank's push to ease credit
However, all these events do not have a simple explanation of cause and consequence.
CENTERFORSECURITYPOLICY: Venezuela requires a new type of thinking
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