Notre Dame fire - When probability of 0 becomes 1

indigopixie's picture
Rank: Monkey | 33

Notre Dame is in flames and it is a very sad thing to see...

How much do these unbelievable and tragic events remind us that our status quo can be shaken up easily? Is any method of pricing risk correct enough? Are we only pretending that we know what we are doing? How fat are the tails of the modern world?