Black Swan Secrets: Tactics to Navigate Tail Risk

Protection don't come cheap!

Pity the black swan…

For centuries, it lived obscurely among the pages of philosophy books penned by David Hume, John Stuart Mill, and Karl Popper.

But thanks to the popularity of Nassim Nicholas Taleb’s The Black Swan (2007), it appears almost daily in the world’s financial pages.

Here’s the origin of this colorful metaphor.

In the Middle Ages, Europeans b…