Black Swan Risks

Fried Black Swan

“Black swan meat is delicious and has medicinal value,” according to North Korea’s Rodong Sinmun. This piece, dedicated to Daniel Kahneman and Daniel Ellsberg, explores how Black Swan risks, while feared, can be monetized. Rather than predicting crises, the key lies in profiting from the fear of such events not occurring. As geopolitical tensions rise, understanding and leveraging these market anomalies can turn fear into opportunity.