“The risk of a business being hit by a low probability, high impact event is far higher than most boards realise because the number of potential wild cards is so great.”
Futurewise (1998)
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Patrick Dixon 28
British futurist 1957Related quotes
Source: Crisis Management: A Model For Managers (1993), p. 23
Source: The Jungles of Randomness: A Mathematical Safari (1997), Chapter 10, “Lifetimes of Chance” (p. 188)
[2000, The Case for Faith: A Journalist Investigates the Toughest Objections to Christianity, Lee, Strobel, Zondervan, Grand Rapids, 9780310565703, http://books.google.com/books?id=5kgb7v1qlF4C]
Cited in: Richard K. Betts (1982) Surprise attack: lessons for defense planning. p. 158
Principles of Operations Research (1975)
The Book of Universes: Exploring the Limits of the Cosmos (2011)
Context: Continual miniaturisation allows resources to be conserved, efficiency to be increased, pollution to be reduced, and the remarkable flexibilities of the quantum world to be tapped. Very advanced civilizations elsewhere in the universe may have been force to follow the same technological path. Their nano-scale space probes, their atomic-scale machines and nano-computers, would be imperceptible to our course-grained surveys of the universe.... This may be the low-impact evolutionary path you need to follow in order to survive into the far, far future.<!--ch. 2, pp. 23-24
“Ah, women. They make the highs higher and the lows more frequent.”
"The Stranger Song"
Songs of Leonard Cohen (1967)