Unknowns: Difference between revisions

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*'''{{risk|Unknown unknown}}''': the [[black swan]]s. This is where the risk is most acute, precisely because your risk taxonomy, with 20:20 hindsight, is ''guaranteed'' to miss these altogether.
*'''{{risk|Unknown unknown}}''': the [[black swan]]s. This is where the risk is most acute, precisely because your risk taxonomy, with 20:20 hindsight, is ''guaranteed'' to miss these altogether.
===The [[JC]]’s [[Unknown known|unknown known]]===
===The [[JC]]’s [[Unknown known|unknown known]]===
:“''Those who cannot remember the past are condemned to repeat it.''”
{{santayana}}
::—{{author|George Santayana}}
Not included in [[Rumsfeld’s taxonomy]] (perhaps because it doesn’t make much sense at first) is the '''{{risk|unknown known}}'''. Now, before you write this off, well — see the[[Financial Services Modernization Act of 1999]] for the sorts of things a well-ordered market can forget over sixty-odd years. The [[JC]] — who likes a pet theory, as readers will know — feels that [[unknown known]]s might be the riskiest bucket of the lot.
Not included in [[Rumsfeld’s taxonomy]] (perhaps because it doesn’t make much sense at first) is the '''{{risk|unknown known}}'''. Now, before you write this off, well — see the[[Financial Services Modernization Act of 1999]] for the sorts of things a well-ordered market can forget over sixty-odd years. The [[JC]] — who likes a pet theory, as readers will know — feels that [[unknown known]]s might be the riskiest bucket of the lot.