It is human nature to avoid spending money on preparations for an event that may never happen. However, as we all continue to adapt to a COVID-19 world, there is a new awareness of low probability, high impact events. If the consequences of a statistically unlikely event are devastating to the economy, the survival of an industry, or welfare of our communities and businesses, is this a gamble we are still willing to take?
The New Reality: Don’t Ignore the Black Swan Events
Jun 2, 2020