The Big Shortage: What happens if Russia turns off the gas?
Many Happy Returns
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How to Avoid Black Swan Events
The idea was originated and popularized by nacime nicholas tale his book, the black swan. And yes, it's about these events which are very unlikely and highly consequential as well, and can only really be explained in retrospect. So that's why i think avoiding these kind of events is almost impossible. If you've got a diversified portfolio, you will be affected, of course, by these rare events but much less than if you have a very concentrated portfolio in just a few stocks.
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