Liang Wenfeng: Rise of a Black Swan
Statistical mathematician Nassim Taleb, in his seminal work, The Black Swan, defines ‘Black Swan moments’ as highly improbable events with significant impact that are often rationalised with hindsight. In 2008, the global financial meltdown, a Black Swan event that began in the U.S., wiped out trillions of dollars, causing traders to scramble to fulfil margin…