Forum Archive Index - February 2004

["Woody" <solarmax@optusnet.com.au>]

Risk is a strange thing, every government dept tries to eliminate it within
its own field of influence. Unfortunatly risk sits balanced on a set of
scales. When we remove it from one side it gets placed on the other. Risk is
and will always be a major part of the human phyche.

To quote Peter Bernstein' Without a command of probability theory and other
instruments of risk management, engineers could never have designed the
great bridges that span our widest rivers, homes would still be heated by
fireplaces or parlor stoves, electric power utilities would not exist, polio
would still be maiming children, no airplanes would fly, and space travel
would be just a dream'

and we Traders and investors would lead normal lives oblivious to the
knowledge that money could be made using money and risk

Woody
----- Original Message -----
From: "Gavin Treadgold" <gav@rediguana.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Monday, February 02, 2004 9:37 AM
Subject: RE: [sharechat] Doomsday and Bio-Terrorism


> Hi Woody.
>
> > But I guess we can all depend on Gav letting us all know
>
> Hehe hope I don't come across too negative - I try to talk about these
sort
> of topics factually, but sometimes the honesty seems negative because of
the
> very nature of the topic. FYI I'm making a career out of risk and
emergency
> management, so terrorism is one topic that is pretty close to my line of
> work, not to mention disasters and emergency response.
>
> It's only when you start studying disasters that you realise how
resilient
> people are, and how we can pull through so much adversity.
>
> At my core, I'm am interested in risk, as are most of us in this forum,
> after all, investing is about balancing risk against return.
>
> Anyway, hope you had a good time with the lady (ladies) last night?! :)
>
> Cheers Gav
>
>
>
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