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The Long Covid Economy: Will the pandemic permanently change our society and investments?

Many Happy Returns

CHAPTER

What's the Difference Between a Black Swan and a Gray Rhino?

A black swan is an improbable event that you can't foresee. A gray rhino is something which is obvious, but which people don't deal with. Do you know the collective term for a rhino is a crash of rhinos? It's somewhere between an elephant in the room and it's the cousin of a black swan.

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