When something unexpected changes our lives, does it change who we are, or does it change how we understand who we've become?
Looking back over a lifetime, it's remarkable how many important events were never part of our plans.
Some were welcome surprises. Others brought disappointment, uncertainty, or lasting consequences. A few changed the direction of our lives so completely that we could scarcely imagine what might have happened without them.
Yet something else happens as time passes.
We begin to see those experiences differently.
An event that once seemed like an unfortunate interruption may eventually become a defining moment in our story. Something we barely noticed at the time may turn out to have influenced years of decisions.
Our past doesn't necessarily change, but our understanding of it does.
What Is a Black Swan Event?
The concept of a black swan event was popularized by Nassim Nicholas Taleb in his book The Black Swan: The Impact of the Highly Improbable.
A black swan event generally has three characteristics:
It is an extreme outlier, lying beyond what ordinary expectations would lead us to anticipate.
It has an unusually significant impact.
Afterward, people develop explanations that make the event appear more predictable than it actually was.
