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Comment on 'Black swans' and 'perfect storms' become lame excuses for bad risk managementparent

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Ya, this part irked me the most:

"Traditional financial analysis, she said, is based on evaluating existing statistical data about past events. In her view, analysts can better anticipate market failures – like the financial crisis that began in 2008 – by recognizing precursors and warning signs, and factoring them into a systemic probabilistic analysis."

So, let's say you do provide a systemic probabilistic analysis about the impending education crisis the US is about hit? Don't you think a government would be gnawing their hands off to get that type of statistical analysis? Personally, I don't think it systematically exists.

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