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Risk as a Calculation

Created: 17 Mar 2010 • Updated: 22 Mar 2010
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Terry_Freeman's picture
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Most of us are uncomfortable with the word "risk."   The word "security" is better because it sounds more positive. The reality is that security can only be achieved through reduction of risk.  So, we need to discipline ourselves to consider the calculation of risk, using basic math to quantify it. This article explores this concept.