Came across this brilliant piece.
Risk is a complicated topic. It’s hard to define. It’s impossible to eliminate. And our perception of risk can often have unintended consequences. When things feel safer, we can let our guards down, which actually increases risk in many activities.
You can’t predict but you can prepare. Contingency planning is a staple of risk management because life never goes according to your original plan.
The essence of risk management lies in maximizing the areas where we have some control over the outcome while minimizing the areas where we have absolutely no control over the outcome and the linkage between effect and cause is hidden from us.
Managing risk boils down to controlling what you can control and understanding some outcomes are out of your hands.