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I thought this was rather obvious. Businesses is all about risk. Every step in business is a balance of risk vs potential reward. That is why we pay so much fo
by jimnotgym 9y ago
I thought this was rather obvious. Businesses is all about risk. Every step in business is a balance of risk vs potential reward.
That is why we pay so much for insurance. That is why we pay so much for hedging. That's why we do risk assesments and keep risk registers. All the machine-learning age adds is the potential for better identifying opportunities and the potential for measuring past performance more accurately, in order that we may extrapolate better. It isn't going to answer the big question that CEOs are paid for, and that is "how much risk an I willing to take, what potential reward would I need too make that worthwhile"