Black Swans on Final Approach
by Gary Christenson
August 13, 2014
There are several potential disasters that could disrupt the financial and political status quo, much like what happened after an Archduke was shot 100 years ago.
Brutal Facts: From Simon Black regarding the experiences of US Navy Pilot James Stockdale in captivity in the “Hanoi Hilton” in the late 1960s.
“Who didn’t make it out?”
“Oh, that’s easy,” replied Stockdale. “The optimists.”…
“This is a very important lesson. You must never confuse faith that you will prevail in the end – which you can never afford to lose – with the discipline to confront the most brutal facts of your current reality, whatever they might be.” (emphasis mine)