We discuss "Black Swan Event Cygnets" and how to create your own BSO Cygnet Watch List. In nature, a "cygnet" is a swan hatchling. The term Black Swan Cygnet is a good name for a Black Swan Event hatchling, a potential Black Swan Event in the making. Cygnet here seems appropos because it sounds a bit like “signal,” and that’s a good way to think of it.

Monitoring such cygnets can be very useful for the same reasons meteorologists monitor a tropical depression or tropical storm forming in the Eastern Atlantic Ocean — which has some probability of developing into a dangerous hurricane, like the recent Hurricane Hilary.