Risking Hidden Linkage | Kevin Barrett's Blog

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Risking Hidden Linkage

February 19, 2011 by kmabarrett

The essence of risk management lies in maximizing the area where we have some control over the outcome while minimizing the areas where we have absolutely no control over the outcome and the linkage between effect and cause is hidden from us.

— Peter L. Bernstein
From his book: “Against The Gods“

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Posted in Quotes, Reading, Science and Learning | Tagged Against The Gods, Peter L. Bernstein, Quotes, Risk Management | Leave a Comment

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