aanveerwrites

Well after reading the title, you may wonder if this is something related to food or especially sandwiches. But first, let me make one thing clear to you that this is not what you are thinking of. In fact, this concept is really interesting, and yeah a bit confusing too.  So, be ready to explore and know more about this concept. You must have seen that big firms and large multinational companies generate millions of dollars in the form of their revenues and since they are earning such a huge amount of money then obviously they have to deposit a huge sum of money in the form of taxes in the government treasury. So as a result what they try to do is that they try to find an alternative so that they can avoid the payment of taxes and obviously they have to go with an alternative which is legal as if the alternative came out to be an illegal one they obviously this can tarnish the image of the company and they will have to pay a huge sum of money as penalty also. Now, this is what we c...

Nassim Nicholas Taleb quoted " The central idea in the black swan is that: rare events can't be estimated from empirical observation since they are rare " Well, you can get a general idea about black swan events by reading the above quote. But if you want to explore more about black swan events then you have to first be familiar with Nassim Nicholas Taleb. Nassim Nicholas Taleb, a Lebanese author, an ex-banker who spent most of his financial career trading derivatives. He was the man behind the theory of swan events. Since he worked in the financial services, this led him to write a book titled "The Black Swan", in which he argues that most areas of human activities are influenced by rare, unpredictable events that have a big impact. Black swan events are those events that are extremely rare and which is beyond what is normally expected of an event. These events are known for their extreme rarity, severe impacts which it creates, and with hindsight, they can onl...