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In reality, what happens happens. However, once an observer or an agent is introduced, the agent will try to model, mold, or change reality. Any modeling or molding of reality has known-knowns, known-unknows, unknown-knowns, and unknown-unknowns (Read more here). Known-knowns follow from certitude. Unknown-knowns follow from incompetence. Risk deals with uncertainty in the form of known-unknowns, which are usually handled statistically, and unknown-unknowns or so-called black swans. With that in mind, I proudly present The Cavalcade of Risk #49.

GENERAL

• Rich Maltzman, PMP presents A verse on risk posted at Scope crêpe.

INVESTING

• Dorian Wales presents Long Term Investments Are Not Risk Free: The Fallacy of Large Numbers and the Past Decade in Us Stock Markets posted at Personal Financier
• Charles H. Green presents Great Moments in Self-Regulation: Financial Planners and CFP Board posted at Trust Matters.

FINANCE (BEAR STEARNS)

• Leon Gettler presents The Bear Stearns fallout and a solution posted at Sox First.
• Jeffrey Miller presents The Fed and Bear Stearns Collateral: Back Door Buying of Mortgage Securities posted at A Dash of Insight.

INSURANCE

• Debbie presents Take the Necessary Steps to Save on Auto Insurance posted at American Consumer News.
• Ernesto TIG presents Health Insurance for Adult Children | InsuranceYak.com posted at InsuranceYak.com.
• Bob Vineyard, CLU presents Right and Wrong posted at InsureBlog.
• Jason Shafrin presents Medicare Advantage funding to be cut posted at Healthcare Economist.
• FIRE Finance presents Wild Fire Disaster – Insurance and Preparation! posted at FIRE Finance.
• Mortgage Helper presents Private Mortgage Insurance vs. Combo Loans posted at Mortgage Tips and Credit Help.

STARTUPS

• Adfecto presents Overcoming the Fear of Failure posted at Adfecto Abundantia – Aspire 2 Wealth.
• Debbie presents Stay Away From Get Rich Quick Schemes posted at American Entrepreneurship.
• Debbie presents Open Communication in the Business Environment posted at American Small Business News.