For almost a decade now, since the publication of Nassim Nicholas Taleb’s brilliant, discursive rumination “The Black Swan,” conventional wisdom has held that the biggest threats to strategy—in national security as well as areas like finance—come from sudden and unexpected events. A black swan, as Taleb named such an event, is at its core both a shock and a surprise. It is an “outlier,” Taleb writes, “as it lies outside the realm of regular expectations, because nothing in the past can convincingly point to its possibility.” He goes on to claim that such events are the engines of history. “A […]
