Submitted by Mark Spitznagel, CIO of Universa Investments LP: a white paper
The Austrians and the Swan:
Birds of a Different Feather
On Induction: If it looks like a swan, swims like a swan…
By now, everyone knows what a tail is. The concept has become rather ubiquitous, even to many for whom tails were considered inconsequential just over a few years ago. But do we really know one when we see one?
To review, a tail event—or, as it has come to be known, a black swan event—is an
No comments:
Post a Comment