Black Swan events – should we even bother? The October issue of the Harvard Business Review had a special spotlight on risk, and featured an article by Nassim M Taleb, Daniel G Goldstein and Mark W Spitznagel on The Six Mistakes Executives Make in Risk Management. The article discusses the so-called Black Swan events or Low Probability High Impact events, and the fact that these events are practically impossible to predict, so instead of spending our efforts on quantifying and estimating them, maybe we should just let them happen and rather focus on reducing our vulnerability to them (if they do happen). A very interesting thought…

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