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So the world is much more correlated than we give credit to. And so we see more of what Nassim Taleb calls "black swan events" - rare events happen more often than they should because the world is more correlated.

Richard Thaler
Swans, Rare Events, Giving
Source: bigthink.com
So the world is much more correlated than we give credit to. And so we see more of what Nassim Taleb calls black swan events - rare events happen more often than they should because the world is more correlated.