There is a new term. It was coined by French statistician Prof. Didier Sornette. It’s called The Dragon King.
You’ve heard of ‘Black Swans’. Everyone has, and I talk about them from time to time. But, black swans are unexpected, statistically improbable events with high impact.
But, what about those events that we KNOW are coming, that we expect?
And, that have huge impact?
Right. Not a Black Swan, but a Dragon King. And, we have one of those hitting us. Soon.
Worse, we knew that this Dragon King was coming. All of us did, but we deliberately ignored it. And now, we begin to pay the price.