Pondering Risk

Posted in Books, Quotes at 5:46 pm by Jason G.

The late, great Peter Drucker once said this:

Every decision is risky: It’s a commitment of present resources to an uncertain and unknown future. Risks can be minimized if you know when a decision is necessary, how to clearly define a problem and tackle it directly, and that you’ll have to make compromises in the end. You haven’t made a decision until you’ve found a way to implement it.

I’ve been thinking a bit lately about the nature of risk and what we really mean. I think this one quote helps solidify my thinking more than anything else I’ve come across while pondering the topic.

Note to self – go back and finish reading Against the Gods: The Remarkable Story of Risk by Peter Bernstein.