Monthly Archives: August 2018

A black swan is an unexpected, unpredictable event with serious economic repercussions. The term was coined by finance professor and former trader Nassim Nicholas Taleb in a 2007 book and subsequently became popular during and after the 2008 financial crisis. In his book, Taleb lists World War I, the rise of the Internet and the September […]

The sharing economy is loosely defined as decentralized, peer-to-peer (P2P) activity in which goods and services are bought, sold, or shared through a community-based online platform. Rather than sell something from a business or through a third party, these platforms connect individuals directly to each other. Rideshare services such as Lyft or Uber as well […]

A blue chip stock is a large, well-established company that has performed consistently well for many years. These tend to be highly influential companies, generally market leaders or among the top 3 companies in their sector. While there is no official qualification for blue chip status, they are generally stocks with market capitalization with at least […]

The Consumer Price Index (CPI) is a weighted average of prices of a typical “basket” of goods and services that a consumer is likely to need on a regular basis. This not only includes common grocery items, but also transportation, medicine, education, housing and other goods and services associated with cost of living. Altogether, about […]

In business, a white knight refers to a particular strategy for preventing hostile takeovers. Specifically, the white knight is a company that acquires a corporation in danger of hostile takeover in order to prevent acquisition by an unfriendly bidder, or black knight. While the acquired corporation does not remain independent, the white knight is preferable; usually […]