Financial Knowledge Sharing Issue 9: Black Swan Event

What is the black swan event?

Refers to very unpredictable and unusual events, which usually cause negative reactions or even subversion in the market chain.

Black swan exists in all fields, no matter financial market, business, economy or personal life, it can't escape its control. The concepts of "grey rhinoceros" and "black swan" complement each other. The "grey rhinoceros incident" is so common that people take it for granted, while the "black swan incident" is extremely rare and unexpected.

The famous black swan event:

(1) Titanic. It sailed from Southampton, England to new york on April 19 12, and sank after hitting an iceberg in the North Atlantic. Due to the lack of enough rescue boats, 1500 people were buried at the bottom of the sea.

② Blizzard in China. During the Spring Festival in 2008, a large range of rain and snow weather occurred continuously from west to east in China, involving 14 provinces and regions. This "black swan" caused 42 19.8 thousand hectares of crops to be affected; 7,000 houses collapsed and 399,000 houses were damaged; The direct economic loss due to the disaster was 22.09 billion yuan.

The famous black swan event:

③ "911"event. On the morning of September 6, 20011,terrorists hijacked four planes and crashed them into the World Trade Center in New York and the Pentagon in Washington. More than 3000 people were killed in this black swan incident.

④ Coronavirus will be prevalent in 2020. Compared with the global financial crisis and economic recession in 2008-2009, this coronavirus epidemic is more like a "black swan". No one predicted that a devastating epidemic would break out in early 2020. And its influence on everyone continues, even more serious.