Book excerpt: The risk awareness of "Black Swan"

"We are accustomed to using precise predictions to deal with uncertainty, but this is often more dangerous than admitting ignorance." — Nassim Taleb

In the crypto market, black swan events occur frequently: regulatory shocks, technical vulnerabilities, market manipulation.
Strategies:
1) Acknowledge the limitations of predictions
2) Build anti-fragile investment portfolios
3) Keep enough cash on hand to handle extreme situations.
Don't try to predict every fluctuation; instead, be prepared to handle any volatility.

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