"**Arrival of the next event was just a matter of time, but as already noted we are never prepared for these (relatively) low-frequency threats**. The [[World Economic Forum]]’s ranking of top global risks, prepared annually between 2007 and 2015, led with asset price collapse, financial crisis, and major systemic financial failure eight times (obvious echoes of 2008) and water crises once, **while pandemic threat did not appear among the top three risks even once**. So much for the collective foresight of global decision-makers!" ([Location 3167](https://readwise.io/to_kindle?action=open&asin=B08SGC3TD3&location=3167)) --- **Tags** -- [[quotes]], [[the-black-swan]], [[forecasting]], [[risk-management]] **Source** -- [[202412030828 - B - How the World Really Works]]