Tag: risk
International Financial Risks of Developing Countries
Developing countries face distinctive international finance risks: original sin, the Lucas paradox, liability dollarization, exchange-rate pegs, borrower moral hazard, and reform sequencing.
A Ship in Harbour is Safe
Nassim Nicholas Taleb's concept of 'skin in the game' is the idea that true learning only happens when you have something to lose. And I look at IndieWeb principles of using what you make to publishing under your real name. Having risk and real stakes is essential for creative work. A ship in harbour is safe, but that's not what ships are built for.
Passion Plays
Risk, Reassessed
A recent paramotoring tragedy involving a well-known YouTuber highlights the complex relationship we have with risk—even when the stakes are clear to us.
"Basecamp was done almost entirely without risk."
I really like this quote from 37 signals: Basecamp was done almost entirely without risk. It was completely self-funded. We treated it as a side-product and a side-project until it could pay the bills. And only then did we make it the main focus of the company. I absolutely hate risk. I think it’s a misnomer that entrepreneurs somehow are in love with risk and making big gambles and taking big bets. I think that’s probably true for some. It’s certainly not true for me. And I think it’s certain