I read the following news about Jet Airways:
- JET AIRWAYS posts loss after 11 straight quarters of profits
- Loss higher than past 6 quarters of profit combined
- Fuel costs and higher other expenses dent numbers
It reminded me of the following side explaining Nassim Nicolas Taleb’s assertion of “Anatomy of A Blowup”
Few days ago, Prof. Sanjay Bakshi had tweeted the same image with another example.
Great insight! The pattern is not as rare as it appears to be. Maybe, we should factor the Black Swan event as a certainty…given a long enough period.