Lesson 19: Changing Your View Of Your World: Slide  33

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Reducing Risk Increases The Probability You Will Succeed

  • The essence of risk management is:
  • Maximizing the areas where we have some control over the outcome
  • Minimizing the areas where we have absolutely no control over the outcome and the cause and effect is hidden from us

Notes:

Pg.197, “Against The Gods The Remarkable Story of Risk,” Peter L. Bernstein, John Wiley and Sons, Inc. , 1996

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