The Wuhan Black Swan
March 18, 2020
By Corey Stapleton, Secretary of State
Many of us who have worked in the financial services sector are familiar with the term ‘Black Swan’. In essence, a black swan event is an unpredictable or unforeseen event—typically one with extreme consequences.
The virus called COVID-19, originating in Wuhan, China, is a black swan. It took less than three months to spread around the world, and the World Health Organization (WHO) named it a pandemic just a few days ago.
Everything is going well until it isn’t.
Black swans have a way of disrupting systems in almost unimaginable ways. Worldwid...