Tag: risk

A 10-Year Anniversary, but No Celebration

Ten years ago, in September of 2008, Lehman Brothers, the large investment bank, declared bankruptcy and thousands of people lost their jobs.  At that time, there were widespread fears that the entire…

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Eat These Words

So I went to the angel and told him to give me the little scroll; and then he said to me, “Take it, and eat; it will be bitter to your stomach,…

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Just-In-Time and Unquantifiable Risks

Modern college textbooks talk about “Just-in-Time” inventory systems like they are obvious. The benefits are well known, so everyone should take advantage, right? Well, for those of us who have actually tried…

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