the.com/risk management
the art of losing small on purpose so you never lose big by accident.
means a systematic process of identifying what could go wrong and deciding in advance what you'll do about it.
from formalized by insurance and finance in the mid-20th century, though sailors hedging cargo losses invented the instinct centuries earlier.
not predictionit never claims to know the future
core movesize the bet to survive being wrong
corporate ironyoften cut first when budgets tighten
nuclear origincold war planners formalized it for warhead safety