A black swan event is a metaphor that describes an event that comes as a surprise, has a major effect, and is often inappropriately rationalized after the fact with the benefit of hindsight.

In this week's episode we discuss.

• Whether one can ever predict a black swan event?
• Was the 1987 sharemarket crash a black swan event? What about the GFC?
• How can investors safegaurd their portfolio in the face of uncertainty? Our interview guest Tim Farrelly has some strong views which are well worth listening to.

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