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4 Assumptions About Risk You Shouldn’t Be Making

Harvard Business Review

“Two roads diverged in a wood, and I—I took the one less traveled by, and that has made all the difference.” Most readers assume Frost’s poem is hopeful, describing the value of the rugged individualism that has long served as an American hallmark. That assumes, however, that the base case is zero.

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Why Quants Should Manage Your Supply Chain Risk

Harvard Business Review

When ash clouds from the Icelandic volcano darkened the skies over Europe, planes were grounded, interrupting business travel and disrupting air freight. When Thai flooding created significant shortages in the hard disc drive market, manufacturers lost millions of dollars.

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An Unexpected Lesson from Mandela: Why Context Matters

Harvard Business Review

From 1994 to 1995, I was traveling across Africa, exploring interest among various governments and telecommunications service companies in investment in the continent’s first undersea fiber-optic network. These were engineers and network planners; surely, they understood economics and net present value analysis.