Black Swan Event.

How do you remain positive during a Black Swan event?

The number and extremity of unpredictable, rare events of enormous consequence seems to be increasing as the world becomes more complicated.

COVID‑19 restrictions, the cost of the Suez Canal blockage, the Bitcoin rally accelerating and the collapse of a billion dollar business to bankruptcy, destabilising global finance and employment, to name but a few.

So, how does somebody prepare for the unknown and still stay positive?

1. Identify places where unpredictability is very beneficial.
2. Keep your mind open to all opportunities.
3. Seize any opportunity that looks like one.
4. Embrace the ‘Phoenix from the Flames’.

The trick is not about trying to predict future Black Swan events but acknowledging that they will occur and making sure you are prepared to react to whatever happens.