Assignment task:
HBR: The Six Mistakes Executives Make in Risk Management
Regarding the HBR article by Nicholas (Nassim) Taleb:
We assume that risk can be measured by standard deviation. Standard deviation-used extensively in finance as a measure of investment risk-shouldn't be used in risk management.
Contrary to Nicholas' assertion, provide two examples (facts + figures) where standard deviation DID work in regards to risk management.