Risk Managers Who Seek Gray Rhinos and Don't Call Them Black Swans

Some enterprise risk managers call unexpected but predictable events gray rhinos and avoid the term black swan. As awful, disruptive and devastating as the Covid-19 pandemic has been, it’s not worthy of being called a black swan, according to more than one pundit. They include the man who made the term famous: Nassim Taleb, author of “The Black Swan,” whose subtitle is “The Impact of the Highly Improbable.” Unlike a black swan event—unpredictable, with massive impact— the argument goes, the pandemic, along with some other recent examples that felt cataclysmic, was both predictable and predicted.

Insights - NeuGroup

Insights - NeuGroup

Risk Managers Who Seek Gray Rhinos and Don't Call Them Black Swans - NeuGroup

Insights - NeuGroup

Insights - NeuGroup

Risk Managers Who Seek Gray Rhinos and Don't Call Them Black Swans - NeuGroup

Insights - NeuGroup

Risk Managers Who Seek Gray Rhinos and Don't Call Them Black Swans - NeuGroup