black swans
Do “Gray Rhinos” Pose a Greater Threat Than Black Swans?
"We don't pay enough attention to the big obvious problems that are in front of us," says Michele Wucker, the author who coined the term gray rhino. Investors should learn to identify four kinds of gray rhinos: charging, recurring, meta, and unidentified, she explains in an interview with Nathan Jaye, CFA. Each type can require different solutions.
Cyber-Crime: Study Warns Securities Markets Could Face “Black Swan” Event
A recent paper warns that though cyber-crime has not yet had systemic impacts on securities markets, a presumption of safety could open markets up to a black swan event.