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"It was a prudent risk that we thought was smart, given that ownership of a league provided great insurance against wildly escalating TV rights fees," Ebersol said.
This blow to his reputation as a prudent risk manager forced him to reshuffle his executive team, putting two of them in the race to succeed him.
For Beth Medrash Govoha the project "represents a prudent risk and an opportunity to create a serious long-term endowment for the college, as well as jobs for students and the township," said George Kline, chairman of its committee for development and endowment.
The effort to weaken regulation of these sophisticated financial instruments follows multiple in-depth autopsies of the London Whale debacle at JPMorgan, which has already cost the company $6.2 billion and tarnished its reputation as a prudent risk manager.
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"This is a prudent risk-mitigation strategy," Frank d'Amelio, the chief financial officer, said in a conference call with investors.
It's just a matter of prudent risk management, making sure we're prepared if something bad happens to something we value.
But it just might be the case that the crazier the rollercoaster ride suffered by shareholders in Freddie Mac, the safer the rest of us can feel, if that rollercoaster ride is partly a consequence of prudent risk management elsewhere in the system.In other words, the problem might not be panic selling, but rather an appropriate assessment of market risk.
Risk aversion is more than just the tendency to avoid risk; it is the inability to weigh risk and reward and a failure to recognize when prudent risk taking is needed.
Don't these companies know that putting more women in senior management means better decisions, higher profits, stronger share price, more prudent risk taking and a more well-rounded, thoughtful and effective management team?
Until a year ago its mixture of financial expertise and prudent risk management seemed to be a winning formula.
Prudent risk taking can lead to a better job, happier relationships and a more fulfilling life.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com