#260 – THE WORLD’S SIMPLEST RISK MODEL – ANDREW SHEVES

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In addition to the many different definitions for risk, there are lots of different ways to calculate risk.  Having a way to assess a risk and ascribe a value is the core of any risk assessment: this valuation allows us to prioritize our risks and differentiate between those of low priority vs the higher, more urgent issues we need to deal with. Continue reading

#257 – THE FIRST THING YOU NEED TO DO IN ANY RISK CONVERSATION – ANDREW SHEVES

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You say either and I say either
You say neither and I say neither
Either, either, neither, neither
Let’s call the whole thing off

“Let’s call the whole thing off” George and Ira Gershwin

Before you start any discussion, it’s good to have an idea of what you are going to be talking about, but this is vitally important when you are talking about risk. Continue reading

#255 – KISS: TAKING A SIMPLE APPROACH TO RISK MANAGEMENT – ANDREW SHEVES

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I like to keep things simple but there’s a paradox to simplicity – simple is hard. Sometimes, working out what the essentials are and how to do things efficiently isn’t just hard; it can seem like more work than just sticking with the complicated path in the first place. Continue reading