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I assume you mean just “black swan”? I was curious about the white swan bit - maybe it was an orthogonal concept? But I settled on the regular kind.

https://en.m.wikipedia.org/wiki/Black_swan_theory



They might mean a swan that is black on one side but white on the other, i.e. gives the appearance of being an extremely rare or a very common event, while in fact being the opposite.


Surely that's even more rare than a black swan?


Lol

Ironically, a black swan isn't really at all - just unknown. Which really is Taleb's point: black swans aren't as rare as they are priced to be.




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