Black swans

My wife and I have some of our money with a group called Smedley Financial Services. Every two months, they published a newsletter called Money Moxie. In the most recent issue, they talked about a book called "The Black Swan" (see PDF). I heard about this book from one of our venture capital investors at work. He was interested in the book in terms of spotting investment opportunities or market trends (e.g, the next Google) before everyone else. For those of you not familiar with this book, a "Black Swan" is defined as a highly improbably event with three principal characteristics: (1) it is unpredictable, (2) it carries a massive impact, and (3) after the fact, we concoct an explanation that makes it appear less random, and more predictable, than it was. September 11th was one such event. Anyway, interesting to see these guys' take from a personal finance perspective. Thought I'd share in case others are interested as well.