Black Swan versus King Dragon
Key concepts and abstract thoughts
In a recent discussion on risk management, several key concepts emerged, particularly around the ideas of fragility, anti-fragility, and the nature of extreme events. Today’s conversation can be distilled into several important themes that challenge conventional thinking about risk and its management.
The Nature of Risk
At the heart of the discussion is a critical examination of what constitutes risk. Traditional views often focus on statistical properties and random variables.
