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With sudden unexpected developments come uncertainties, threats, stress, and the challenge of new opportunities. This calls for us to be cognizant of the environment we find ourselves in so that we can be mentally and physically prepared.
In this interview, Nassim Nicholas Taleb explores the influence of black swans in today's environment, as well as how institutions are or aren't adapting to them.
Risk-based scenario analysis may offer a better way to make asset allocation decisions in highly volatile markets.
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