Black Swan - Did you know that the Black Swan's exist? This is when something or some events are not predictable and impossible becoming the possible.
Hi, It's @luueetang
One of the things I aim to do here is to every week and often is to bring some concepts in life, financial and others where it helps in your life. It would bring you some value everytime you spend a bit of time reading what I've written. That's because I know your time is important and my time is also important.
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Covid 19 is the black swan event this year and Lehman's brothers collapse as well. These could hardly have been predicted. No one knows what the future holds and many experts tend to come out and later explain that they have predicted such actions. Usually, we have to do our own research and take a bit of time to figure things out and get a probable outcome of certain situations. I have seen many in 2018 and 2019 talking about the 2019 or 2020 financial crisis. However, one thing that bugged me during that time when these calls were made was that, I did not know where it would become.
It's like if some scientist had said that there would be a probable winner in an upcoming election, we would be figuring and researching on why the expected outcome was set. I had my eyes on the China-US trade wars but then,
THE BLACK SWAN
(totally unpredictable)
event came. COVID 19.
In January when I heard the news, I thought very minimal of it. It was at the back of my mine. I figured that it would be gone and China was able to control it. It suddenly got serious. No one could prevent it from spreading. At the moment, the peak has yet been reached. The only time that the peak is reached on a global scale is when the number of cases drops, recovery outpaces active case numbers and possibly a vaccine. At least half a year from now. Companies are trying there best to create a vaccine as soon as possible. The market is huge. BILLIONS are at stake. Some are gettign wealthy from this.