2 thoughts on “Too Much Risk Aversion”

  1. When you risk nothing, you lose nothing and gain nothing. No knowledge, no experience, nothing. We’re turning into a nation of scared dolts.
    As for the book, I learned a great deal from it, and tried to pass on its lessons to my colleagues. My contemporaries appreciated them, the younglings not so much.

  2. Another thing is that rules only work, if enough people follow them. A big problem with these nanny rules is that a lot of people aren’t following the rules and basically just doing their own thing. But they might follow the rules, if they were more reasonable and in line with the risks.

    By the standards of the rule-maker, this outcome should be worse than a weaker rules standard that people actually follow.

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