Random and unexpected events that are explained in hindsight but have an enormous impact on the status quo. Coined to explain the 2008 recession, this term states that black swan events help to strengthen systems for future black swans and should be used for risk analysis and management.
Diagrams
Originated from/Coined by
Nassim Nicholas Taleb
Further Reading/ References
https://en.wikipedia.org/wiki/Black_swan_theory
https://deviantinvestor.com/7384/what-nick-taleb-has-to-say-applies/