Now I hear and you hear that this is, well, kind of dismissed: This is a terrible thing that happens every once, every hundred years--or it's a Black Swan or Fat Tail.
Almost every institution said they are or will soon be offering a product to guard against black swan events or tail risk.
So we know they had venison, and they likely had some kind of water fowl goose, duck, swan or eagle. (Best not to think about those last two.) The fowl also could have been wild turkey, but if so, it was a very distant relative of that bird in the supermarket case today.
By accident or design, her swan song is Sir Kenneth's Song of the Earth, one of his earliest and most demanding ballets.
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Whether you are a devotee of the Black Swan Theory or merely another hard-boiled cynic like me, you may now be counted among those who place little comfort in years of accumulated stock market statistics.
Both Edison and Swan invented the electric light bulb (or rather, a workable one) at about the same time, Swan beating Edison to a patent by a year.
Little ones might enjoy working off some steam with a swing, slide and spin at the large playground just across from the imposing India Gate, or hop into a kitsch floating swan for a round of the boating lake nearby.
Now Wall Street's latest swan must continue to make progress, or, unlike in the fairy tale, he could easily find himself turned back into a dowdy duckling, fine suits notwithstanding.
Rather than reduce risk, organize your life, your business or your society in such a way that it benefits from randomness and the occasional Black Swan event.
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Mr. CHRIS COPELAND (Homeowner, Tennessee): Yes, I'm over at Swan(ph) Pond, and there's a heck of a mud slide or something that came to our backyard.
Is it structured to fend off the asset-eroding potential of triggers such as so-called Black Swan events, Black Monday-level market implosions, interest and inflation rate swings, war or an oil supply disruption?
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