THE DAILY BEAST
BY CHRISTOPHER DICKEY
“Black swans” are the unlikely and unforeseen events that change the world. Mathematical probability cannot predict them and conventional wisdom is blind to them, as Nassim Nicholas Taleb, wrote six years ago when he coined the term. They seem to come out of nowhere, like the airliners of 9/11. But anyone who has a feel for the ever-deceptive volatility of the Middle East can see that right now the black swans are circling like vultures.
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