Black duck: Difference between revisions

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 So, if it is a black ''swan'', [[Q.E.D.]] it is no-one’s fault, certainly not yours, being impossible to foresee,<ref>Being “impossible to foresee” is quite closely correlated with [[Nassim Nicholas Taleb]] not being able to foresee it.</ref> so you get away scot-free, the taxpayer foots the bill and you just fire a few [[subject matter expert]]s for the sake of good order and to be seen to be doing something.
-If it is a black ''duck'', you should have known better, so your main industry is plausibly establishing that this is all your subject matter expert’s fault, so you fire them for good measure and the taxpayer picks up the bill.
+If it is a black ''duck'', you personally should have known better, so your main focus should be quickly and plausibly finding a subject matter expert to blame and who you can fire for good measure and the taxpayer picks up the bill.
-Subtle, but important intellectual distinction even though it has no practical influence on the lived experience of (a) taxpayers or (b) [[subject matter expert]]s.
+There is a subtle intellectual distinctionm even though it has no practical influence on the lived experience of (a) taxpayers or (b) [[subject matter expert]]s.
-So, black swans: The collapse of the Soviet Union, 9/11, the internet, [[GameStop]], [[Credit Suisse]] (if you are UBS).
+So, with feeling:
+Black swans: The collapse of the Soviet Union, 9/11, the internet, [[GameStop]], [[Credit Suisse]] (if you are [[UBS]]).
 Black ducks: [[Covid-19]], the [[Global Financial Crisis]], the Invasion of Ukraine, Archegos, [[Cryptocurrency]] fraud, [[SVB|SVB Memeplex]], [[Credit Suisse]] (if you are [[Credit Suisse]]).
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 {{Sa}}
 *[[Black swan]]
+{{Ref}}