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3 contributions to Wealth University
What is a BLACK SWAN EVENT?
A black swan event, a phrase commonly used in the world of finance, is an extremely negative event or occurrence that is impossibly difficult to predict. In other words, black swan events are events that are unexpected and unknowable. The term was popularized by Nassim Nicholas Taleb, a finance professor, writer, and former Wall Street trader. Taleb wrote about the idea of a black swan event in a 2007 book prior to the events of the 2008 financial crisis. Taleb argued that because black swan events are impossible to predict due to their extreme rarity, yet have catastrophic consequences, it is important for people to always assume a black swan event is a possibility, whatever it may be, and to try to plan accordingly. Some believe that diversification may offer some protection when a black swan event does occur. Examples: 1. Black Monday - 1987 2. The Dotcom crash - 2000 3. 9/11 - 2001 4. Global Financial Crisis - 2008 5. Brexit - 2016 6. COVID - 2020 Next Black Swan Event: Probably next year, nobody knows but if you follow the money, you will get a pretty good idea. Ask yourself these questions: 1. Why is Bill Gates buying as much agricultural land as possible in the USA? Taking control of the global food supply? 2. Why is Biden antagonising Putin? Nuclear war? Cripple Russia? 3. Why is the USA taking control of all countries surrounding India? Economic warfare? Cripple India? 4. Why is the EU battling financially? Is China the main threat to the EU? 5. China bought most of the USA’s gold reserves, and the USA is theoretically bankrupt. Create war and the USA prints money. Keep the wheel turning so that the rat never stops running. 6. Brazil and SA? Their govts are too dumb/corrupt to be a threat. Their leaders are easily bought. 7. The Elite hated Crypto, now they love it suddenly! Why? Lie to the world about crypto then buy, hail crypto then sell. RINSE & REPEAT!! Well I can go on and on, but the goal is world domination, ONE WORLD ORDER!! ONE GLOBAL CURRENCY!! NO CASH!! NO DEMOCRACY!!
1 like • Jan 13
@Peter-John Koen Thank You!
Nourishing the brain
Dear Community, just like nourishing the body through good daily nutrition, the brain too benefits from good daily mental nutrition and I've been using a (free) resource called Darren's Daily to do exactly that. I think it is so beneficial that I'm recommending it to the community. Just follow the link to sign up for Monday to Friday daily 5 minutes of daily thoughts on business and life skills that will make a difference.... https://sparklp.co/damian258569/
2 likes • Jan 13
@Damian McLaughlin Thanks!
South African Audience, Listen Up!
We’ve made it easy for you to handle international payments. No more confusion, no more stress. Below, you’ll find recordings from the top banks in South Africa, walking you through exactly how to make international transfers. Absa Discovery First National Bank Nedbank Standard Bank Shyft We’ve got you covered—hit those links, follow the steps, and get it done like a pro. 💥
2 likes • Jan 13
@Alex Oosthuizen Awesome, 💪
1-3 of 3
Thash Suntharalingam
2
12points to level up
@thash-suntharalingam-5110
🙇Mentor 🏡 Realtor 🚀 CEO & Founder Of Condo Legend 💵 💰Mortgage Agent 📞 416-709-4444 linktr.ee/thash.ca

Active 7h ago
Joined Jan 13, 2025
Toronto
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