James Drogan

One of the key tenets of system design and control is that of understanding and managing associated risk.  I spend some time with my students on this notion of risk.

This past Sunday, The New York Times Magazine included an article, RISK Mismanagement - What Led to the Financial Meltdown, that is likely to become required reading for my students.

It tells the story of an overreliance on technology akin to religious fervor, the write-off of the values associated with common sense and experience, and the petty triumph of the material over the ethical.

Life is always full of lessons to be learned, but perhaps no more so than now.