Richard W. Paul/Kiplinger Consumer News Service
The dot.com crash in 2000. The 9/11 terrorist attacks in 2001. The collapse of the housing market in 2008. And now the coronavirus pandemic of 2020. Over the past two decades these events—which had huge financial repercussions—have all been labeled as “black swans.” Can you draw comfort from the thought that each of these crises was considered so random, so rare and so difficult to predict that no one saw them coming? Investors, there is always something coming!