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Published by jack elliot

The Black swan 

 

 

 

The Black Swan Theory  often describes an event that comes as a surprise,which has a major effect, and is often inappropriately rationalized after the fact with the benefit of hindsight

 

You  could drew  from experience as an options trader to argue that stock-market projections are worthless because no one has any idea where prices are headed.

 

After prices unexpectedly rise or fall, experts impose specious retroactive narratives to divert attention from their ignorance

 

Often their experience is merely gambling with other peoples money

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