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…
Review of Keith Baxter’s book Fast Track to Success: Risk Management
When Keith Baxter published his book Fast Track to Success: Risk Management, I tweeted to him I would read it during the Christmas break last year then review it. At that time I was about halfway through 4100 pages of…
Reputation risk at Delta Airlines
Delta. What were you thinking? When a soldier is coming back from war, nothing says thank you and God Bless America like charging him an extra $200 for a fourth bag (containing his weapon no less). Thanks to the often…
The risk of watching porn and masturbating at work
It wasn’t too long ago that women couldn’t breast feed infants in the workplace and now we have lactation rooms; they are a good way to help mothers transition back to work and continue breastfeeding their child. (That said we may…
Nurse risk management
For those of us who wake up every morning, put on our suits and ties and head off to our risk management jobs only to spend the day thinking about fat tails, ISO3 1000 or business continuity, compared to the risk management…
The Unthinkable by Amanda Ripley
I’ve just updated the Risk Quotes page with a few lines from Amanda Ripley’s book The Unthinkable. It’s an excellent read for anyone responsible for business continuity planning, risk management or even if your are just the fire warden on…
Starbucks risk management
In the interest of full disclosure, I love Starbucks. I admit that I was a Tim Hortons slave for the last decade but nothing gets me going every morning like my grande bold. (Incidentally, I’d like to thank the barista…
TV ad: With opportunity comes risk
I just heard a tv commercial for CME Group which was clearly written by someone on Madison Avenue who never read a risk management framework. Creative must of thought: “Let’s say the words ‘risk’ and ‘opportunity’ because it will sound businessy.” This idea…
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…