January 2018
Beginner to intermediate
152 pages
2h 57m
English
Take calculated risks. That is quite different from being rash.
George S. Patton
There is one further use for your Suns & Clouds chart. It can highlight the scope for containing areas of risk in your strategy.
Strip out all the suns from your chart, leaving just the clouds, and superimpose four boxes, carefully located, containing the words ‘accept’, ‘reduce’, ‘transfer’ and ‘avoid’ – see the figure below.
Your four basic strategies for managing risk, then, are:
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