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The Randomness of Your Reality

Published Thursday, January 01, 2009

Have you ever looked back at some of the flash points in the history of your company and realized they were not the product of your careful strategic planning but were instead low-probability random events that somehow became major turning points? If so, you may have come in contact with one of the “black swans” popularized in the business book by that name written by Nassim Nicholas Taleb. The title of the book, The Black Swan: The Impact of the Highly Improbable, comes from the ancient belief that all swans were white, a theory disproved in the 17th ...

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