Risktory: The Story Of Risk

Welcome to Day 6 of The 12 Days of Riskmas.Today, a vale for Australian actress, Joy Westmore. Now, for OG listeners of the podcast, you might be thinking ‘Westmore? Westmore? Why does that sound familiar’. Well, I have previously hosted my dear friend, Emily Westmore, on the podcast, on my Risktorian of the Month series of episodes. I will leave a link to Emily’s episode below.Joy is Emily’s mother, who recently passed away. Today’s episode is a very personal tribute to a woman ahead of her time, and a woman who exemplified the need for versatility in a world that never stops changing.The Risktory Podcast is created, hosted and produced by Jacinthe A Galpin.All rights reserved.12 Days of RiskmasDay 1 – Ana Reyes + Pat Harkleroad - https://www.spreaker.com/user/jacintheagalpin/12-days-of-riskmas-day-1-ana-reyes-and-pDay 2 – Charles Ponzi - https://www.spreaker.com/user/jacintheagalpin/12-days-of-riskmas-day-2-charles-ponziDay 3 – Stanislav Petrov - https://www.spreaker.com/user/jacintheagalpin/12-days-of

Welcome to Day 5 of The 12 Days of Riskmas. Today, a magnificent battle story from World War II. The story of Iwo Jima, one of the most important, but also one of the most bloody, battles of modern history. Today, I’ll take you through a story of incredible courage and innovation.The Risktory Podcast is created, hosted and produced by Jacinthe A Galpin.All rights reserved.12 Days of RiskmasDay 1 – Ana Reyes + Pat Harkleroad - https://www.spreaker.com/user/jacintheagalpin/12-days-of-riskmas-day-1-ana-reyes-and-pDay 2 – Charles Ponzi - https://www.spreaker.com/user/jacintheagalpin/12-days-of-riskmas-day-2-charles-ponziDay 3 – Stanislav Petrov - https://www.spreaker.com/user/jacintheagalpin/12-days-of-riskmas-day-3-stanislav-petro Day 4 – COVID Grudge Match - https://www.spreaker.com/user/jacintheagalpin/12-days-of-riskmas-day-4-covid-grudge-maDay 5 – Iwo Jima - https://www.spreaker.com/user/jacintheagalpin/12-days-of-riskmas-day-5-iwo-jimaDay 6 – Joy Westmore - https://www.spreaker.com/user/jacintheagalpin/1

Welcome to Day 4 of The 12 Days of Riskmas. The most popular episode of the Risktory Podcast this year has been my episode on the Nash Equilibrium vs COVID 19. As the US heads into another period of prolonged lockdown, and concerns are raised as to whether the Nash Equilibrium is even relevant anymore, on today’s episode, I’ll explain why I think the Nash Equilibrium will prevail.The Risktory Podcast is created, hosted and produced by Jacinthe A Galpin.All rights reserved.12 Days of RiskmasDay 1 – Ana Reyes + Pat Harkleroad - https://www.spreaker.com/user/jacintheagalpin/12-days-of-riskmas-day-1-ana-reyes-and-pDay 2 – Charles Ponzi - https://www.spreaker.com/user/jacintheagalpin/12-days-of-riskmas-day-2-charles-ponziDay 3 – Stanislav Petrov - https://www.spreaker.com/user/jacintheagalpin/12-days-of-riskmas-day-3-stanislav-petro Day 4 – COVID Grudge Match - https://www.spreaker.com/user/jacintheagalpin/12-days-of-riskmas-day-4-covid-grudge-maDay 5 – Iwo Jima - https://www.spreaker.com/user/jacintheagalpin/12

Welcome to Day 3 of The 12 Days of Riskmas. Today I am going to explore how the actions of one man – a genuine peacemaker in the form of Stanislav Petrov - may have saved the world from nuclear annihilation. And that might sound like hyperbole but, as you’ll find out in today’s episode, what Stanislav did was make a make a choice he didn’t have to make, that altered the direction of world history.The Risktory Podcast is created, hosted and produced by Jacinthe A Galpin.All rights reserved.12 Days of RiskmasDay 1 – Ana Reyes + Pat Harkleroad - https://www.spreaker.com/user/jacintheagalpin/12-days-of-riskmas-day-1-ana-reyes-and-pDay 2 – Charles Ponzi - https://www.spreaker.com/user/jacintheagalpin/12-days-of-riskmas-day-2-charles-ponziDay 3 – Stanislav Petrov - https://www.spreaker.com/user/jacintheagalpin/12-days-of-riskmas-day-3-stanislav-petro Day 4 – COVID Grudge Match - https://www.spreaker.com/user/jacintheagalpin/12-days-of-riskmas-day-4-covid-grudge-maDay 5 – Iwo Jima - https://www.spreaker.com/user/j

Welcome to Day 2 of The 12 Days of Riskmas. Today, I’m bringing you the story of Charles Ponzi, the man who launched a scam so clever that, even today, 70 years after his death, his scam continues to fool tens of thousands around the world.They say history repeats. The story of Charles Ponzi, and Ponzi schemes, is proof positive that – sometimes – we don’t learn the lessons of the past well enough to avoid the threats of the future.The Risktory Podcast is created, hosted and produced by Jacinthe A Galpin.All rights reserved.12 Days of RiskmasDay 1 – Ana Reyes + Pat Harkleroad - https://www.spreaker.com/user/jacintheagalpin/12-days-of-riskmas-day-1-ana-reyes-and-pDay 2 – Charles Ponzi - https://www.spreaker.com/user/jacintheagalpin/12-days-of-riskmas-day-2-charles-ponziDay 3 – Stanislav Petrov - https://www.spreaker.com/user/jacintheagalpin/12-days-of-riskmas-day-3-stanislav-petro Day 4 – COVID Grudge Match - https://www.spreaker.com/user/jacintheagalpin/12-days-of-riskmas-day-4-covid-grudge-maDay 5 – Iwo Ji

Welcome to The 12 Days of Riskmas!The 12 Days of Riskmas are my way of saying thank you to all of my listeners – both the OGs and the newer listeners – for their support in 2020. Each day, for the next twelve days, I will be publishing a new Risktory episode every day, with each episode focused on a risk theme or concept. These won’t be full length episodes: more bite sized pieces. But they will be stories of risk that I think you guys will love in the leadup to one of my favorite holidays of the year, Christmas. Kicking off the 12 Days of Riskmas is the story of Ana Reyes and Pat Harkleroad, a beautiful tale of opportunity grasped, and paying that opportunity forward.The Risktory Podcast is created, hosted and produced by Jacinthe A Galpin.All rights reserved.12 Days of RiskmasDay 1 – Ana Reyes + Pat Harkleroad - https://www.spreaker.com/user/jacintheagalpin/12-days-of-riskmas-day-1-ana-reyes-and-pDay 2 – Charles Ponzi - https://www.spreaker.com/user/jacintheagalpin/12-days-of-riskmas-day-2-charles-ponzi

Coming up today, a feel good story in a year where, let’s be real, there’s been a lot of bad. The story of a husband and wife doctor team who have spearheaded the leading vaccine for COVID-19. You’ll often hear me say on the podcast, that opportunity is borne out of threat. The work of Doctors Ugur Sahin and Ozlem Tureci, the two driving forces behind the leading COVID-19 vaccine, is the poster child of how anyone can take incredible, existential, and in this case – global, once in a generational, threat – and respond through life changing, and life saving, opportunity chasing.On today’s episode, I’ll explore how Doctors Sahin and Tureci formulated the COVID-19 vaccine. The Risktory Podcast is created, hosted and produced by Jacinthe A Galpin.All rights reserved.Bibliographyhttps://www.theguardian.com/world/2020/nov/10/ugur-sahin-and-ozlem-tureci-german-dream-team-behind-vaccinehttps://en.wikipedia.org/wiki/%C3%96zlem_T%C3%BCrecihttps://en.wikipedia.org/wiki/U%C4%9Fur_%C5%9Eahinhttps://www.bbc.com/news/hea

I stumbled across Florence Knoll while doing research on new furniture for my house. Typical for me, once I realized I liked Knoll’s designs, I wanted to know more about the woman who created those designs.And what I found blew me away. The life and times of Florence Knoll – in its most encapsulated form – is the story of a woman who was told ‘do this’, the ‘this’ being considered quote/unquote ‘womans work’ - and transforming that ‘womans work’ into a whole industry. And an assailable legacy.On this week’s episode, the story of Florence Knoll, who is the personification of someone taking lemons and making perfect, life changing lemonade. The Risktory Podcast is created, hosted and produced by Jacinthe A Galpin.All rights reserved.Bibliographyhttps://www.fastcompany.com/90297917/lessons-from-the-single-most-important-figure-in-modern-designhttps://www.knoll.com/designer/Florence-Knollhttps://en.wikipedia.org/wiki/Florence_Knoll#Career

Coming up on this week’s episode, whatever happened to Lehman Brothers, the financial services giant whose collapse in 2008 triggered a global meltdown.For me, Lehman Brothers is a super interesting collapse because, while it has all the ingredients of a garden variety corporate collapse – leadership malfeasance, creative accounting, short-selling – it is a collapse that uniquely transformed how we view and respond, to threat.Specifically, it illustrated, in terrible and brutal technicolor glory, the impacts of interconnected threat. It forced us to recognize and understand that threat doesn’t exist in a vacuum. To paraphrase Sir Isaac Newton’s third law of physics in risk terms: every action has an equal and opposite reaction.In this week’s episode of the Risktory Podcast, I’ll tell you all about the Lehman Brothers collapse, and I’ll explore why interconnected threat is one risk management concept, everyone should know.The Risktory Podcast is created, hosted and produced by Jacinthe A Galpin.All rights re

This week, a much requested episode on, of all things Tik Tok. Specifically, is Tik Tok the threat to us that it is purported to be, or is this all one big game of political pinball. A game that will deny us the joy that comes from watching 15 second vignettes of dogs in tutus.All jokes aside, on this week’s episode, I am going to explore the ongoing conversation around Tik Tok and explain, from my perspective, the real threat we ought to be worried about.The Risktory Podcast is created, hosted and producted by Jacinthe A Galpin.All rights reserved.Other episodes you might enjoyhttps://www.spreaker.com/user/jacintheagalpin/internet-of-things-a-story-of-human-connBibliographyhttps://www.usatoday.com/story/news/factcheck/2020/05/18/fact-check-tiktok-security-threat-used-hackers-traffickers/3120617001/https://www.reuters.com/article/us-usa-tiktok-timeline/timeline-tiktoks-journey-from-global-sensation-to-trump-target-idUSKCN2510IUhttps://en.wikipedia.org/wiki/TikTokhttps://www.rd.com/article/the-dangers-of-tik

So, it’s November 8 2020 as of the time of me recording this week’s episode and, if you’ve been watching the news, it’s been quite a week for those of us living in the US. Amidst the confusion, tension, anxiety and unrest here in the US, I thought I would provide a counter-point and talk about innovation born out of threat. Specifically, looking at innovations that have emerged in 2020 as a result of COVID-19.Humans have always responded to existential threat, or risk, by seeking the new. The innovative. The ground breaking. Solutions that haven’t yet been discovered or deployed. The reality is, humans are an Apex species largely because of our capacity to adapt and change.I figure, in these troubling times of the unknown, what better way to remind everyone that the flipside of threat is opportunity. Beautiful, perfect, exquisite, humankind changing opportunity.So, today, let’s talk about some of the real-time innovations we are seeing that exemplify what it means to be good at risk.The Risktory Podcast

Coming up this week, one of the most requested episodes ever. Master of the Risk Universe: Elon Musk.I’ve hesitated covering Musk because. Yes he is absolutely a risk master. But perhaps not in the way you’d think. Musk understands, and entreats with the unknown, in a once in a generation way, yes. But the superlatives thrown his way. That he’s a visionary car maker, for example. Musk isn’t a great car maker. Indeed, he’s a distinctly ordinary car maker, given how miniscule Tesla’s profits are.BUT… the fact that Tesla makes any profit at all…. That’s the risk genius that Musk manifests. It’s not the brand. It’s not the cars. It’s the competitive space that Musk has built around Tesla, to force profitability where it does not inherently exist, that is risk genius. And it’s a genius he applies to almost everything he does.On this week’s episode, the life and times of a risk master with a definite twist.Bibliographyhttps://en.wikipedia.org/wiki/Elon_Muskhttps://www.forbes.com/profile/elon-musk/?sh=3f12

Two weeks ago, I presented at the 2020 Risk Awareness Week, a fantastic event hosted by my friend, and one of the smartest people in risk, Alexei Sidorenko. RAW brings together some of the best risk minds in the business to – virtually – share thought leadership all centered around the topic of risk management.My topic this year was the Top 10 Bad Arses of Risk, and why they matter in 2020. And I had a blast with this topic because it forced me to examine what I value when it comes to risk: the skills, the expertise, the chutzpah. It was a joy to research. It was the most fun to present.So, on today’s episode, a stripped down version of my presentation at RAW. If you would like access to the full presentation (including the slide deck and additional vocals), please visit: 2020.riskawarenessweek.comSoundtrack (sourced from www.freemusicarchive.org)Alan Spiljak – CloudsAlan Spiljak – ForgottenAlan Spiljak – Light blueAlan Spiljak – Empty daysAlan Spiljak – Stars aboveAlan Spiljak – Not the endAlan Spiljak

There is a growing concern amongst analysts, IT experts, computer nerds, that we might see another dot com bust, not unlike the one we saw in 2000, 20 years ago. So, for the unfamiliar, between I’d say 1995 and 2000, the Nasdaq index rose five fold, fueled by an abundance of venture capital and rapid investment in internet based businesses. And then, in 2000, it all went bust. In the space of just six months, the Nasdaq dropped by close to 80% in value. It would take 15 years for the Nasdaq to fully recover to it its pre-bubble peak.I think the idea of a Dot Com Bubble 2.0 is an interesting one, particularly in 2020 when we’ve seen just about every other black swan event come to life. In today’s episode, I’m going to explore whether a second iteration of what happened 20 years ago will come to life, and I look at what I think are the pre-emptive, canary in a coal mine, indicators we should be looking out for.Soundtrack (sourced from www.freemusicarchive.org)Alan Spiljak – CloudsAlan Spiljak – ForgottenAla

Puzzle Break is the mac daddy of the escape room concept in the US, and Nate Martin, the founder of Puzzle Break, is a man who finished college with a 2.59 GPA, a degree which – by the way – took him 9 years to complete, and a man who was rejected by all but one MBA program. The Puzzle Break story is a story of capitalizing on opportunity, taking a leap into the unknown and – within a month – turning a profit. It’s also a story that proves that there is never just one path or route for success. If at first you don’t succeed, forge your own road and have at it.The Risktory Podcast is created, written, produced and hosted by Jacinthe A Galpin. Soundtrack (sourced from www.freemusicarchive.org)Alan Spiljak – CloudsAlan Spiljak – ForgottenAlan Spiljak – Light blueAlan Spiljak – Empty daysAlan Spiljak – Stars aboveAlan Spiljak – Not the endAlan Spiljak – SunAlan Spiljak – Flying awayAlan Spiljak – TimeAlan Spiljak – Fantasy in my mindBibliographyhttps://www.geekwire.com/2018/nate-martin/https://www.lendgenius.c

For those unfamiliar with DevaCurl, DevaCurl is the Mack Daddy of the modern curly hair movement. It was and is, arguably, the first mainstream brand to successfully target the curly hair market with products that allowed both men and women to embrace, indeed, celebrate their natural waves, curls and coils. And then something happened. Loyal customers began to complain that DevaCurl was no longer helping their hair. Worse, they alleged, DevaCurl had damaged their hair. Dandruff. Itching. Hairloss. Even allegations of chemical burns.Almost overnight, DevaCurl has gone from being the darling of the natural hair care world to, for many, the enemy. And at least 10 class action lawsuits have been filed against the brand by allegedly impacted consumers. On this week’s episode, I explore the DevaCurl Scandal, and I delve into what I think of DevaCurl’s response, from a crisis management perspective. The Risktory Podcast is created, written, produced and hosted by Jacinthe A Galpin. Soundtrack (sourced fro

A very often requested Master of the Risk Universe figure is Queen Elizabeth II of England. She is one of the most famous women in the world. She has ruled the United Kingdom for an astonishing 68 years. And, for many, she is the symbol of serene resilience.But, I’m gonna be honest, QE2 isn’t someone I would consider good at risk. She isn’t or wasn’t a reformer. At least, not like Queen Victoria or even her predecessor in name, Queen Elizabeth I. Her approach to risk is one of waiting for the risk to manifest, and then either responding by not responding, or responding by cleaning up the mess. Which is a strategy, I guess, but not one I consider to be particularly masterful. But the requests did start to make me think about female rulers and monarchs who were masters of risk. And when it comes to those, I can’t go past the legendary, Holy Roman Empress, Maria Theresa of Austria. Now often better known for being the mother of the doomed Maria-Antoinette of France, Maria-Theresa was a risk maestro. I

On this week’s episode, one of the most spectacular collapses of the dotcom boom and bust: eCommerce retailer, boo.com.Boo.com was in development for two years and operational for one of those two years. Not a long time, even in dotcom’s warp speed world. But in those two years, boo.com set the standard of what not to do when it comes to internet retailing. And it shaped how we, in 2020, shop online.The Risktory Podcast is created, written, produced and hosted by Jacinthe A Galpin. Soundtrack (sourced from www.freemusicarchive.org)Alan Spiljak – CloudsAlan Spiljak – ForgottenAlan Spiljak – Light blueAlan Spiljak – Empty daysAlan Spiljak – Stars aboveAlan Spiljak – Not the endAlan Spiljak – SunAlan Spiljak – Flying awayAlan Spiljak – TimeAlan Spiljak – Fantasy in my mindBibliographyhttps://web.archive.org/web/20121224101458/http://crave.cnet.co.uk/gadgets/the-greatest-defunct-web-sites-and-dotcom-disasters-49296926/3/https://www.smartinsights.com/digital-marketing-strategy/online-marketing-mix/boo-com-case

On this week’s episode, a listener request from Michael who wrote: ‘I wonder if you are aware of the problems with the US Navy Mark 14 torpedo? There is plenty on the Internet from a military and engineering point of view but I've yet to see it treated as a risk problem. Coming from an engineering background and only now entering risk, perhaps the most interesting part is how so many people knew something was wrong, yet the decision makers did nothing’.I didn’t know about the Mark 14 before Mike’s email, but when I started doing research on it… oh man, if ever there was an event that exemplified how not to risk (and I’m using risk as a verb there)… the Mark 14 is that event. From poor planning to poor execution, the Mark 14 is a masterclass of what not to do when it comes to risk management.But the Mark 14 is also a tale of risk redemption. Of how to turn around disaster and achieve, perhaps not triumph, but at least some measure of success.The Risktory Podcast is created, written, produced and hosted by

As many of you know, I work for a Fortune 50 retailer as the Manager of their Command Center. As many of you also know, the US had a Category 4 hurricane hit in the Gulf of Mexico during the week. Hurricane Laura.As you can imagine, it’s been a pretty busy 10 days. And, to be honest, I haven’t had the time this week to research and construct a typical Risktory episode.So, instead, this week’s episode will be a QandA episode. A lot of you have asked for this. A lot of you have asked me a lot of questions. So what better time to answer all of those questions than this week, when I am time poor and in an episode where research isn’t necessarily required because… it’s all my opinion.The Risktory Podcast is created, written, produced and hosted by Jacinthe A Galpin. Soundtrack (sourced from www.freemusicarchive.org)Alan Spiljak – CloudsAlan Spiljak – ForgottenAlan Spiljak – Light blueAlan Spiljak – Empty daysAlan Spiljak – Stars aboveAlan Spiljak – Not the endAlan Spiljak – SunAlan Spiljak – Flying awayAlan