TLDR? Risk is a catch-all term that can be flexibly specified as you require, but generally refers to the potential for a negative event occurring. A proper assessment of risks therefore requires an anchor scenario, determining the probability of occurrence and the magnitude of a negative event.

Hey everyone, I hope you enjoyed our post last week on Socialism and Capitalism. I also hope that, no matter who you voted for in the election, that you’re satisfied with the result. (Regardless of whether your candidate won). I think we are at the beginning stages of an encouraging trend of meaningful political discourse as we guide the nation into the future. Let’s keep the welfare of all Singaporeans, and mankind as a whole, in mind when making such decisions.

In today’s post, building on our social media (Instagram and Facebook) post on risk capacity and tolerance, we are going to discuss risk.