Gustavo Ballvé on January 8th, 2010
Food for thought, Home, Mental models, Portfolio Management, Risk management

Our thoughts go out to the families affected by floods everywhere, but this picture had us thinking about the book “Too Big To Fail” by New York Times’ columnist Andrew Ross Sorkin. Unlike other books that seek to explain the reasons and possible implications of the financial crisis that shook the world from 2007 to 2009, Mr. Sorkin’s book deals with the real-time, day-to-day background discussions and decision-making in the eye of the storm. While that leads to some “soap opera” moments, it’s always an useful reminder that decisions made in times of turmoil can lead to less-than-ideal outcomes and a false sense of security.

(Photo REUTERS/Erik de Castro)

Another caption for this photo could be: “Risk management in a hurry”. Nothing substitutes for planning.

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