Reviews for Risk And Return In Transportation And Other U. S. And Global Industries

The average rating for Risk And Return In Transportation And Other U. S. And Global Industries based on 2 reviews is 2 stars.

Review # 1 was written on 2015-04-21 00:00:00 Ryan Green Interesting Quote: "With uncertainty absent, man's energies are devoted altogether to doing things; it is doubtful whether intelligence itself would exist in such a situation; in a world so built that perfect knowledge was theoretically possible, it seems likely that all organic readjustments would become mechanical, all organisms automata. With uncertainty present, doing things, the actual execution of activity, becomes in a real sense a secondary part of life; the primary problem or function is deciding what to do and how to do it." -Frank Knight, Risk, Uncertainty, and Profit

Review # 2 was written on 2016-11-07 00:00:00 Joseph Noble Knight's book can be hard to find, but this is some of the best original work distinguishing risk from uncertainty - the "known unknowns" versus the "unknown unknowns." If you are interested in resilience, systems thinking, or some of the fatal flaws in many approaches to finance, this is important stuff.