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An event that: | An event that: | ||
:a) | :(a) Has an outsized, or non-linear impact on its environment | ||
:(b) Is highly amenable to post | :(b) Is highly amenable to ''[[ex post facto]]'', wise-after-the-event rationalisations, especially by politicians, regulators and bank executives | ||
:(c) Lies outside the | :(c) Lies outside the ''actual'' expectations, whether or not sensible or reasonable, of the person whose job it is — ''was'' — to keep an eye out for things of this nature. | ||
From a company executive’s perspective, black ''ducks'' are like [[Black swan|black ''swans'']] — exactly the same in fact — only they are easier for people on [[Twitter]] to be judgmental about. | From a company executive’s perspective, black ''ducks'' are like [[Black swan|black ''swans'']] — exactly the same in fact — only they are easier for people on [[Twitter]] to be judgmental about. |