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Pandemic dodged, but black swan looms

Billionaire investor Hamish Douglass says he is confident the coronavirus outbreak will not develop into a global pandemic that will roil the global economy, but has warned that the probability of a black swan event such as a cyber attack, terrorist attack or pandemic is increasing. The founder of Magellan Financial Group, who spoke to AFR Weekend before he took the stage in front of 2500 Magellan investors at an event in Melbourne, said he had been impressed with the Chinese government’s response to the crisis. “Could you imagine if something like this actually broke out in the United States?” Douglass said.

#prediction #billionaires - afr.com

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