Only when the tide goes out do you discover who’s been swimming naked.”

– Warren Buffett

The current pandemic has wreaked profound dislocation on businesses throughout the world and upended societal norms as we know them.  It may have been an unpredictable, ‘black swan’ event that will not recur anytime soon, though that’s open to discussion, but it’s worth evaluating your risk management practices to see whether you could have done better.   Continue reading →