Respect Your Mother !
Until Next Time ~ Be Good to Each Other
Taleb says that all banks and trading firms are extremely vulnerable to black swan events and are exposed to losses far beyond the normal, expected range. When dealing with this subject we must also take into consideration Counterfactual Thinking which is the tendency people have to imagine alternatives to reality. Humans are predisposed to think about what might have been. This is why, as a counselor, I would always tell my clients to never finish a thought beginning with the words "what if" or "if only"- because those thoughts seldom produce a positive constructive resonance, and tend to be a waste of your time. It is an altogether different thing to do such musing before, rather than after some important event in your life.
The prepper movement I mentioned earlier is truly at epidemic proportions for a country which has traditionally been rigidly convinced of its own integrity. I wonder why that is? I think it's for two very sound reasons. People can sense the approach of the black swan, and they feel utterly powerless to stop the insanity they see with their own eyes. Maybe mitigating factors prevent them from saying anything about such things, but everyone sees them just the same, and it's eating at us like a cancerous growth in the soul.