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ME - Catastrophic Risk: Investing And Business Implications
23andMe Holding Co.
2024-02-17 01:01:00 ET
Summary
While we may use statistical measures like volatility or correlation to measure risk in practice, risk is not a statistical abstraction.
Business owners can try to insulate themselves from catastrophic risk, but those protections may not exist, and even if they do, they may not be complete.
Building in adaptability and safeguards against catastrophic risk makes sense only if the costs of doing so are less than the potential benefits.