Yesterday I wrote about a white paper “Black Swans Turn Grey” from PwC. Here’s a footnote to that post. I had a good chuckle when I read about these “new black swan risks”. The authors suggest that all these…
Sports
Reputation risk, Barclays and the Bruins
I was reading about the drunken debauchery that took place over the weekend as the Boston Bruins celebrated their Stanley Cup victory with a $157,000 bar tab. (Even if one excludes the $100,000 bottle of Ace of Spades “Midas” champagne,…
Boston Red Sox vs. Santa Monica Black Swan
While researching for new reasons why Taleb is nuts, I came across this story about his former right-tailed man, Mark Spitznagel. This guy has managed to get 15 investors to ante a minimum of $50 million on a bet that…
Football, hockey and enterprise risk management
Riskviews writes a great post called Football is about more than just Shoes. He writes that the “equipment never wins the game” but a “team without proper equipment has only a slim chance of prevailing.” Riskviews also reiterates a point…
Managing the risk of risk management
An article by Jared Wade in Risk Management Magazine references the death of luger Nodar Kumaritashvili and includes an email from VANOC head John Furlong relating to the safety concerns about the luge track raised before the Vancouver Games. Furlong…
RIMS – ERM at the Vancouver Olympics
I was just reading one of my blog posts about ERM at Hydro One where I wrote that there were very few great case studies about ERM. Until today. I think this case study about ERM during the organizing of…
Baseball and risk management
One day we will send a man to the moon and bring him home safely. One day we will elect a black President. One day the Montreal Expos will win a World Series. One day we will drive flying cars…
Fantasy football pool risk management
Risk Management Monitor addresses the concern about employees spending hours of company time researching and updating their fantasy football picks. Some argue that it’s disruptive – having fired employees or blocked access to certain websites from the company network –…
Tigers could face extinction in just 12 years
STOCKHOLM (AP) — The world’s tiger population could soon be extinct because of poaching, shrinking habitats and the use of tiger parts in Eastern medicine, environmental experts warned Friday. World Wildlife spokeswoman Marie von Zeipel said the world’s biggest wild…
Pierre Curzi is an idiot
Sometimes I am puzzled. I look around and see lots of people who are all basically made from the same genetic material as me, yet why is it that some of my genetic cousins are insane? (I apologize for casting…