Risk Expert Bob's FAQ

Because you asked for it.

What is the best way to calculate risk?

There's an app for that.

But seriously, it involves spreadsheets.

Can you really calculate risk with just a calculator?

Only if you're Risk Expert Bob.

What's the difference between risk and uncertainty?

Risk is when you spill ketchup on your shirt, uncertainty is when you spill it on your pants.

How do I know when to trust my gut?

Your gut's always right, but only after it's had a few minutes to process.

What's the best way to deal with risk?

Transfer it to someone else.

How do I know when I'm taking too much risk?

When the numbers get too big.

What's the difference between a risk manager and a risk expert?

A risk manager is someone who says "don't do that", a risk expert says "don't do that, but let me explain why it's a bad idea."

Can you really calculate risk?

Only if you ask the right questions.

What's the best way to calculate risk?

With a risk calculator, duh!

Advanced Risk Calculations

Risk Management Strategies

Uncertainty 101