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By NASSIM NICHOLAS TALEB Getty Images Traders on the New York Stock Exchange in 2008 Several years before the financial crisis descended on us, I put forward the concept of "black swans": large events that are both unexpected and highly consequential. We never see black swans coming, but when they do arrive, they profoundly shape our world: Think of World War I, 9/11, the Internet, the rise of Google GOOG +1.48% . In economic life and history more generally, just about everything of consequence comes from black swans; ordinary events have paltry effects in the long term.
As part of our Global Entrepreneurship Week series, Virgin’s entrepreneur bloggers have come together to hand out some golden rules… “If something can’t be explained on the back of an envelope, it’s rubbish.” Richard Branson "Surround yourself with quality people that you can learn from, find a mentor that can help guide you along the way and don’t give up!" Adam Toren
Doing anything amazing turns out to be really hard. Incredibly hard. In the startup world sometimes we thought there were instant successes when people hacked together a website and the next day they had millions of users.
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