*Daily Black Swan 2

“But in all my experience, I have never been in any accident… of any sort worth speaking about. I have seen but one vessel in distress in all my years at sea. I never saw a wreck and never have been wrecked nor was I ever in any predicament that threatened to end in disaster of any sort.” – E.J. Smith, 1907, Captain, RMS Titanic

Captain Smith’s ship sank in 1912 in what became the most talked-about shipwreck in history.

Statements like those of Captain Smith are so common that it is not even funny.

(Ideas from Nassim Nicholas Taleb)

-BH