Above Ground Risk
Categories: Insurance, Real Estate, Investing
A tsunami, an earthquake, global warming producing heavy flooding...these are all above ground risks, attributable to company management thinking. After all, good managers have to manage through crises. Let's say you've built an electric car factory in Venezuela without thinking about the fact that 142% of the country's GDP comes from oil. Yeah, don't act surprised when the people come with axes to knock down your battery-stamping division. Oh, and that underground hacker? The one from Russia with a chip on his shoulder? He may be living well underground, but the risk he poses in hacking your online bit-Ruble business is yet another above ground risk. You can't predict it, but you know he's out there. He's coming.