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RE: A list of possible Black Swans - Part 1
Very interesting. I did not fully understand the definition of "and is often inappropriately rationalized after the fact with the benefit of hindsight."
Very interesting. I did not fully understand the definition of "and is often inappropriately rationalized after the fact with the benefit of hindsight."
Hi @putu300, thanks for dropping by!
This simply means that when the event has happened and we look back, it may seem so obvious. People would tend to identify "obvious" signs that were present and ask why didn't they see it coming. However, the fact is, even if history was to repeat itself, those who did not see the event coming will still not be able to anticipate it.
Thanks for your explanation. NOw it's clear for me.👍