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He is wearing a black t-shirt and dark-rimmed glasses with a faint beard and hair down near his shoulders. The company is classified as an open-end investment fund. If its name is any indication, the Princeton grads appear to think they’ve located a formula for playing the odds that could shake up the lottery business. In the world of economics, the term “black swan” refers to an incredibly uncommon and highly consequential occasion that is conveniently explainable, but only in hindsight.