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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.” quote by Patrick Dixon
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“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.”

Patrick Dixon

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.

Key Takeaway

Plan for unlikely catastrophes.

Themes

risk management board governance uncertainty

Mood

cautious strategic

Type

business risk assessment

When to use this quote

  • corporate strategy

Key Concepts

scenario planning stress testing insurance

Questions to Reflect On

  • How do you balance risk awareness with action?
  • What rare events could affect your business?
A Different Perspective

It may cause over‑cautiousness.

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