Stock Market Secrets: What is normal risk?

By Marcus Padley – Source: 

They are calling the coronavirus a “Grey Swan” event. Not sure quite what they mean by that. Not a Black Swan event but not a White Swan event by the sounds of it. Or maybe its just an expression to say “Panic but don’t panic”.

The expression “Black Swan event” comes from 16th century Europe and relates to the saying “a rare bird in the lands and very much like a black swan”. It was a phrase that described the impossible. All swans were considered to be white with the phrase “Black Swan” epitomising impossibility. Until, of course, the Dutch discovered them in Western Australia in 1697 and the phrase changed from meaning impossible to meaning the impossible can happen…


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