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.