Books: Trading Books
The Black Swan: The Impact of the Highly Improbable
Moritz Heiden2021-04-12T08:13:29+02:00Another must-read for quant traders. A black swan is a highly improbable event with three principal characteristics: It is unpredictable; it carries a massive impact; and, after the fact, we concoct an explanation that makes it appear less random, and more predictable, than it was.