FINANCIAL TIMES - Everyone knows about "black swans" - extreme, one-off events that are impossible to predict. Think of the assassination of Archduke Franz Ferdinand triggering the first world war or the 1987 stock market crash, which set a record for one-day price slides. But what about the risks that are all around us, hiding in plain sight?
Was anyone really surprised by the Colonial pipeline ransomware attacks? Or the PG&E grid failure? Or Hurricane Katrina, the 2008 great financial crisis, the Fukushima nuclear disaster or the Covid-19 pandemic?
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you