Political Black Swans: Ignore Them at Your Association’s Peril
Association Success
JUNE 7, 2018
Beware of political risks when exploring new global markets. In 2003, widespread protest broke out around me in Azerbaijan, a country formerly part of the Soviet Union. Azerbaijan’s unrest had been what statistician and risk analyst Nassim Nicholas Taleb calls a black swan —a highly improbable event with significant impact.
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