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Quote of the Day
"If I had said 'yes' to all the projects I turned down and 'no' to all the ones I took, it would have worked out about the same."—David Picker, movie studio exec, quoted in William Goldman's classic Adventures in the Screen Trade (cited by Caltech physics professor and author Leonard Mlodinow in The Drunkard's Walk: How Randomness Rules Our Lives)

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Crisis and the “Black Swan”
Black Swans are important events, either good or bad, that are highly improbable but happen nonetheless. Using the term Black Swan is a metaphor for an event that just is weird or unexplainable before hand using logic. None the less, Black Swans are explainable after the fact. Most are rare events that have extreme impact on the business. (Taleb, Nassim Nicholas. The Black Swan. New York: Random House, 2007.)
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