In the matter of a few weeks, the way that people work and play has been turned on its head due to COVID-19. Governments and businesses worldwide have been scrambling to react to the latest twists and turns of this crisis. Many have been caught flat-footed and ill-prepared.
Given the nature of COVID-19, and the speed with which it has spread and the impact it is having globally, it is tempting to think about COVID-19 as a Black Swan event.
BLACKS SWANS
Nassim Nicholas Taleb popularized the concept of a Black Swan event in his highly acclaimed book, The Black Swan.
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