What does 'The Black Swan' really imply? What is that 'risky' event which Nasim Taleb refers to in his book? Unfortunately there are plenty of case studies available for Indian Investors. Sharing one such hair-raising development in a listed company: 1/5 
Mumbai Municipality apparently has asked Bombay Exhibition Centre operated by a listed company NESCO to immediately stop conducting exhibitions on complaints by local residents regarding traffic congestion on Western Express Highway. 2/5
This exhibition centre brings millions of business travellers every year from all over the country and abroad to Mumbai and has over the years paid 100s of crores in taxes to government. 3/5
Instead of properly doing their job of improving road infrastructure and public transport, babus are directing company to shut operations? How convenient is that. What next? Shut down offices? This is how we would cultivate entrepreneurship & create jobs? 4/5
NESCO has always been considered a safe annuity type business & at one point in time we were also invested. I am sure company would be able to get stay order on this irrational order, however in the interim stock could take unnecessary hit #BlackSwan
Disclosure:No Position 5/5
Disclosure:No Position 5/5
