Ignoring risk is a perfectly valid way of managing it, if the return of putting the resources into the risky endeavor exceed the costs of putting them into managing the risk.
It's probably hard wired into our psyche. -----Original Message----- From: [email protected] [mailto:[email protected]] On Behalf Of Rob, grandpa of Ryan, Trevor, Devon & Hannah Sent: Tuesday, August 14, 2012 3:03 PM To: [email protected] Cc: [email protected] Subject: [funsec] More bad news for risk management Overconfidence make you successful in business. http://www.dailymail.co.uk/sciencetech/article-2188148/Sir-Alan-Sugar-ef fect- Overconfidence-make-successful-workplace.html Not just confidence, mind you, *over*confidence. Add in the Dunning-Kruger effect: http://www.spring.org.uk/2012/06/the-dunning-kruger-effect-why-the- incompetent-dont-know-theyre-incompetent.php ... and the Peter Principle: http://en.wikipedia.org/wiki/Peter_Principle ... and you start to realize why all those huge banks keep failing ... ====================== (quote inserted randomly by Pegasus Mailer) [email protected] [email protected] [email protected] Security, like correctness, is not an add-on feature. - Andrew S. Tanenbaum victoria.tc.ca/techrev/rms.htm http://www.infosecbc.org/links http://blogs.securiteam.com/index.php/archives/author/p1/ http://twitter.com/rslade _______________________________________________ Fun and Misc security discussion for OT posts. https://linuxbox.org/cgi-bin/mailman/listinfo/funsec Note: funsec is a public and open mailing list. _______________________________________________ Fun and Misc security discussion for OT posts. https://linuxbox.org/cgi-bin/mailman/listinfo/funsec Note: funsec is a public and open mailing list.
