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Stephen Downes

Knowledge, Learning, Community

There's this trope in the business and investment community that suggests that they have a unique insight on risk. So we have Andrea Elkin writing of being "a financial analyst on Wall Street where the stakes were high and risk was a fundamental part of doing business." Well boo for you! Everybody deals with risk, a lot of it much more existential that trading with other people's lives and other people's money. When I got on a train for Calgary with $100 in my pocket and hope in my heart, that was risk. As I watch women in Ukraine make decisions about whether to stay and fight or flee to the border, that is risk. If 'breaking what isn't broke' means jeopardizing your life or your livelihood, that is risk. If you ask me, what characterizes business decisions is the lack of risk. People can bounce back from a business failure; just ask any serial entrepreneur. Most of us face much more fundamental decisions.

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Stephen Downes Stephen Downes, Casselman, Canada
stephen@downes.ca

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Last Updated: Nov 23, 2024 2:09 p.m.

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