Boards Quote by Patrick Dixon
“The risk of a business being hit by a low probability, high impact event is far higher than most boards realize because the number of potential wild cards is so great.”
About This Quote
Boards underestimate low‑probability, high‑impact risks because many potential wild cards exist.
In simple terms: Boards often miss rare but huge risks.
Plan for unlikely catastrophes.
Themes
Mood
Type
When to use this quote
- corporate strategy
Key Concepts
Questions to Reflect On
- How do you balance risk awareness with action?
- What rare events could affect your business?
It may cause over‑cautiousness.