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Tag Archives: black swans
Supply Chain Risk Management and Catastrophes
May 16, 2012 – 6:00 am
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The reports of destructive events—natural disasters, accidents, and intentional attacks—just keep on going. We could all guess that the Japanese tsunami of March 11, 2011 would have major impact on manufacturers’ supply chains … but a tornado in Wichita, Kansas and a fire in a plant in…
Black Swans … or Oil Victims?
June 29, 2010 – 9:15 am
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There is an article in The New York Times Magazine of June 6, 2010 by David Leonhardt with the title “Underestimating Risk: What the oil spill and the financial crisis have in common.” It is in a section called “The Way We Live Now,” and next to the section heading there is a drawing of…
EMP (Electromagnetic Pulse) – Yet Another Critical Infrastructure Concern
December 28, 2009 – 6:00 am
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I recently attended several conferences at which the issue of hardware malware – or compromised electronic circuitry – was brought up as a significant threat. There has been disquietude for some time with respect to evildoers purposely inserting circuitry into devices, such as point-of-sales…
Risky Behavior – New York Times’ Swan Songs
February 17, 2009 – 6:00 am
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In an earlier column, Security and Change: Black Swans, posted on April 14, 2008, I drew your attention to an excellent book called The Black Swan written by Nassim Nicholas Taleb. Taleb points out that humans are particularly poor at predicting and preparing for catastrophic events, such as the…
