Event horizons are (generically) not physically observable. In contrast, apparent horizons (and the closely related trapping horizons) are generically physically observable --- in the sense that they can be detected by observers working in finite-size regions of spacetime. Consequently event horizons are inappropriate tools for defining astrophysical black holes, or indeed for defining any notion of evolving}black hole, (evolving either due to accretion or Hawking radiation). The only situation in which an event horizon becomes physically observable is for the very highly idealized stationary or static black holes, when the event horizon is a Killing horizon which is degenerate with the apparent and trapping horizons; and then it is the physical observability of the apparent/trapping horizons that is fundamental --- the event horizon merely comes along for the ride.

V1: 4 pages; V2: added 4 references; no physics changes; now 5 pages; V3: added another 6 references; added 2 figures; reformatted; some rephrasing; no physics changes; now 6 pages