Black Swan: An Unpredictable and catastrophic event ….

The black swan theory is a metaphor that describes an event that comes as a surprise and has a major effect.

We cannot tactically prepare for Black Swan events but we can perhaps prepare strategically …

Each has their own perspective - the turkey sees thanksgiving as a black swan event - but the mother shopping for thanksgiving does not. 

We can prepare for predictable catastrophes - but how to prepare for the unpredictable catastrophes? Sure, we can have an emergency fund (I highly recommend this); we can even prep with supplies; etc - but often the ones who do best when the Black Swan strikes are those who have agility mind; those who can make decisions quickly whilst under pressure; those who have their priorities clearly defined; those that are diversified in their investments; those who have perspective; those who  tend toward seeing the silver lining in almost any situation. 

Author Richard Wiseman did a study of ‘lucky people’ - and I quote him now: “Lucky people generate their own good fortune via four basic principles. They are skilled at creating and noticing chance opportunities, make lucky decisions by listening to their intuition, create self-fulfilling prophesies via positive expectations, and adopt a resilient attitude that transforms bad luck into good.”

Snapped this pic in the remote western lakes on a hike last year - a couple of benign black swans.


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