NVIDIA’s stock crash last week was a glimpse of the next Black Swan.

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But what is a Black Swan? 👇

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In business, a Black Swan is a sudden unpredictable event with the power to disrupt an entire market, or even the global economy.

Think of the 2008 financial crisis, COVID or 9/11.

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People and markets try to predict and rationalise these events, but most Black Swans are just impossible to foresee. At least in the way they unfold.

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Only time will tell if last week’s drop was just a momentary panic or the first sign of something much bigger.

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In his later book, Nassim Taleb argues that people and companies can prepare for Black Swan events by developing Antifragility.

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Fragile things break under stress (like glass).

Resilient things survive stress but don’t improve (like steel).

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Antifragile things thrive under stress (like muscles that grow through exercise).

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The ability to iterate fast, change course and prepare plans B, C, D characterise Antifragile people and companies.

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💡Antifragility is the #1 skill for the next decade!

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Agreed?