Are Black Swans Really Harmful to Ordinary Investors?

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By Dale Maley

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Nassim Nicholas Taleb popularized the term Black Swan through his books and interviews. Taleb's Black Swan Theory refers only to unexpected events of large magnitude and consequence and their dominant role in history. This short story explores whether or not Black Swan events are really important to ordinary Main Street investors versus Wall Street traders.

Are Black Swans Really Harmful to Ordinary Investors?