risk-management

• Hedge your bets

  To reduce the risk of a significant loss or failure by making smaller, offsetting commitments or investments in alternative outcomes.

• Black Swan event

  A Black Swan event is an unpredictable, high-impact occurrence that lies outside the realm of normal expectations and is often rationalized only in hindsight.

• Not putting all your eggs in one basket

  To avoid risking everything on a single venture or plan, by distributing your resources or efforts across multiple options.