“People get smarter but they don’t get wiser. They don’t get more emotionally stable. All the conditions for extreme overvaluation or undervaluation absolutely exist, the way they did 50 years ago. You can teach all you want to the people, you can tell them to read [Buffett mentor] Ben Graham’s book, you can send them to graduate school, but when they’re scared, they’re scared.”Financial Times
September 19, 2019
“‘The one thing that would ruin my life is people expecting more than I deliver,’ (Buffett) says.”
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Reputation risk: peril of emotionally-laden stakeholder disappointment.
Risk governance and management, risk financing in insurance captives, and risk transfer through reputation insurances comprise the constituent elements of a comprehensive enterprise reputation risk solution.
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