Most financial talk treats systemic risk as a matter of exogenous events, sort of like comets that originate outside the normal operations of the solar system, unpredictably appearing, flashing across the sky and then suddenly disappearing.

FORBES: Magazine Article

The problem is that for many large firms, systemic risk is a matter of exogenous events, sort of like comets which originate outside the normal operations of the solar system, suddenly appearing, flashing across the sky and then disappearing.

FORBES: 'Systemic Risk' Is Not Event Driven, It Is Character Driven