Banish the Black Swan

 On Bloomberg, my column about how the once-useful term black swan has been trivialized and overused into an excuse for bad planning and lack of foresight. 

Today everything is either a

Today everything is either a black swan or a bubble. But this is crazy. By definition a black swan or bubble must be a rare event that comes way out of left field. However, there seems to be an "industry" that is trying to "manufacture" black swans or bubbles to a gullible public.

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