I’m not a doctor, nor do I play one on TV, but I did stay at a Holiday Inn Express last night . . . I also took a Colgate University class on medicating for mental health and judicious use of psychiatric drugs. A psychiatric medication is only one useful tool among a collection of useful tools. Remember to also consider non-drug options for therapy. The benefits of psychiatric medications are always accompanied by risk. Become familiar with the potential risk of your medication. Be alert to potential risks that might be intolerable to you. Establishing a diagnosis is a difficult and imperfect task, but it establishes the starting point for determining which treatments are appropriate. Engage your physician or a psychologist in a dialogue regarding the structure of your treatment program. Be an active participant in establishing the structure of that program. Having confidence that your treatment program will… Read more →
EppsNet Archive: Risk
Risk = Cumulative Cost – Cumulative Value
Henrik Kniberg has a presentation online called “What is Agile?” It includes a method of visualizing risk as the gap between cumulative cost and cumulative value, as well as methods of visualizing risk mitigation strategies. I found it valuable. Here are some representative slides: Read more →
EppsNet Book Reviews: The Big Short by Michael Lewis
I worked in the information technology department of a mortgage bank in the run-up to the 2007 implosion of the subprime mortgage market . . . Given that it was fairly evident at the time that complicated financial instruments were being dreamed up for the sole purpose of lending money to people who could never repay it, it’s remarkable that very few people foresaw the catastrophe and that even fewer actually had the nerve to bet on it to happen. Long story short, the major rating agencies — Standard and Poor’s and Moody’s — were incompetent in their rating of subprime mortgage bonds, giving investment-grade and, in some cases, triple-A ratings to high-risk instruments. A lot of people took the ratings — which implied that subprime mortgage derivatives were no riskier than U.S. Treasury bonds — at face value and acted accordingly. But there were also some interesting psychological factors in play, not… Read more →
And the time came when the risk to remain tight in a bud was more painful than the risk it took to blossom. — Anais Nin
For Some Things, You Need a Man
80 Percent Of Lightning Strike Victims Are Male, But Why? — NPR Same reason all of your top executives are men — because we’re risk takers and we don’t run and hide under our blankies at the first sign of danger. Read more →
Visibility and Feedback
Forgive my ignorance. How do increased visibility and tighter feedback loops manage and reduce risk? Get in your car. Drive to a winding road. Get up to a decent speed. Close your eyes for two minutes. Then come back and ask your question again. — Ron Jeffries, Yahoo Groups (kanbandev) Read more →
A Longstanding Absurdity
Is the bad-software problem really caused by bad requirements definition, which we could fix by doing a better job up front, if only we were more diligent and more professional in our work? We have made this our primary excuse for bad software for decades. If this was really the problem, and if processes focusing on early lockdown of requirements provided the needed solution, wouldn’t we have solved this by now? A process that requires us to lock down decisions early will maximize our risk, not manage it. — Cem Kaner Read more →
Twitter: 2010-08-10
RT @joshcomers: “I’m ready to take this to the next level!” (overly dramatic guy walking into an elevator) # RT @joshcomers: Just saw that a guy following over 28,000 people unfollowed me. I must have really fucked up. # Risk creates value. Except when it destroys value. # RT @Jesus_M_Christ: #ILaughEverytime I send a Fundamentalist to Hell. # RT @Jesus_M_Christ: Whenever someone pleads with me for World Peace then ends their prayer by asking for bigger boobs #ilaugheverytime # Read more →