probability

Snake Boots, Insurance, and a Rabid Florida Panther

First, let me explain that I hail from a place where one doesn’t search for a Pro-V1 (an expensive golf ball, for you bowlers out there) lost in the woods, or walk past a crooked stick without a level of suspicion. Yes, poisonous snakes are a real hazard in Florida.  Thus, when considering an analogy

Avoid Past Evidence for a Better Protected Future

Looking at past data can point to future outcomes.  Most organizations set forth their well-thought plans, investments and strategic initiatives to build a successful future.  We look at current outcomes and we tie the past to the reasons things are the way they are today.  We often look at what is happening now and predict a future.

Doing the Job Right; No One Will Know

No one can forget the tragic events of September 11, 2001.  The truly devastating events of that day have permanently changed us all.  Imagine for a moment, someone had prevented the attacks of September 11. Would anyone even know to give that person “credit”? Before the attacks, it is feasible someone could have identified the vulnerability

What the Michigan-MSU game reminds us about risk: “possibility vs probability”

By now, you have probably learned of the final play that resulted in a unbelievable finish to the Michigan-Michigan State football game.  Michigan, with 10 seconds left, a 2-point lead, ready to punt the ball to a timeout-less MSU team.  Michigan’s punter subsequently fumbled the snap & then tried to punt the ball in a