Risktory: The Story of Risk

It's Day 12 of Riskmas and – also the final episode of the Risktory Podcast. Today, a story that feels as real today as it did back then. Cathy Freeman, the great Australian runner, winning gold at the 2000 Sydney Olympics. A great tale that proves you don't need the best of everything, to be the best.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.

Welcome to Day 11 of Riskmas. Today, let's talk about the great musician, Miss Tammy Wynette. If Dolly is the Queen, Tammy was – and still is – the first lady of country. She broke all the ceilings, laying the groundwork for every female country singer coming after her.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.

It is Day 10 of Riskmas and, today, the song Tenterfield Saddler. When you think of the great Australian, Peter Allen, you think of – quite naturally – I still call Australia home. But for those of us of a certain vintage and/or who are fans of Peter Allen, we all know that Tenterfield Saddler is perhaps his best work.While I still call Australia home is an expat love song, a song that exuberantly celebrates all that makes my homeland great, Tenterfield Saddler is a sadder, more poignant song that speaks to the precarious balance of life versus death. A balance that is challenged daily if you live in Australia.Today, let's look at Tenterfield Saddler. One of the most beautiful songs of all time, and an unintentional homage to risk management.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.

Today, it's Part 2 of my exploration into Russian dissident: Aleksandr Solzhenitsyn. On day 7, I looked at Solzhenitsyn's life, positing the idea that Solzhenitsyn may never have gotten close to being as influential as he was, and is, were it not for the utter chaos that seemed to accompany him wherever he went.Today, I wanted to look at the big lessons we can take from Solzhenitsyn. Lessons that I think are especially important to know, in these chaotic times. The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.

When Simone Biles pulled out of the Tokyo Olympics, I was so incredibly sad. I have loved watching this underdog win everything and I was genuinely excited to see her dominate. I kinda thought. Well, what next then? I mean, who else in the US Gymnastic Team can compete with the ferocity and dominance of Biles? Suni Lee.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.

Welcome to Day 7 of Riskmas, and Part I of two Riskmas episodes dedicated to the Russian dissident, Alexander Solzhenitsyn. Alexander Solzhenitsyn is one of the most influential philosophers to have ever lived, and his work is work that – even today – is incredibly relevant.On Part 1 today, I look at the life of Solzhenitsyn and the extraordinary roller coaster he experienced and endured. In Part 2, I'll explore his ideas and share with you just why Solzhenitsyn's work will always stand the test of time.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.

It is Day 6 of the 12 Days of Riskmas. The half way point. And today, it's a battle of the countries. The US versus Australia. What are the five big differences between the two countries, and why do those differences matter.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.

It's Day 5 of the 12 Days of Riskmas and, today, let's talk about COVID-19's latest mutation: Omicron. What you should know. What you should be on the look out for. And why you should not panic.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.

Welcome to Day 4 of Riskmas, and welcome to Classic Liberalism, the lost Philosophy. I don't tend to engage in political discussion on the podcast, but I have mentioned a few times that I am a classic liberal. And I've received many an email and message along the lines of ‘I never picked you for a liberal' or ‘I thought you had more common sense than to be a liberal' or ‘You like socialism?'I think there is confusion about classic liberalism versus progressive liberalism, which is a very different beast. So, today, I am going to explore the six key principles of classic liberalism, and explain the key difference between classic and progressive liberalism.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.

Welcome to Day 3 of Riskmas. Today, let's talk about Isaiah Lees, one of history's greatest detectives and – arguably – the inspiration for Sherlock Holmes.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.

Welcome to Day 2 of Riskmas. Today, let's talk about new Twitter Chief Executive Officer, Parag Agrawal, and – specifically – controversial comments he has made about the purpose of Twitter. Which may bring Twitter – once again – into direct conflict with Section 230 of the Communications Decency Act.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.

Welcome to The 12 Days of Riskmas. The 12 Days of Riskmas is my way of saying thank you to all of my listeners – both the OGs and the newer listeners – for their support in 2021. Each day, for the next twelve days, I will be publishing a new Risktory episode, with each episode focused on a risk theme or concept. These won't be full length episodes: more bite sized pieces. But they will be stories of risk that I think you guys will enjoy in the leadup to one of my favorite holidays of the year, Christmas. Kicking off the 12 Days of Riskmas what do I think – as an Australian – of the Australian COVID-19 Response. I didn't want to start Riskmas with a controversial topic but this has been highly requested all year and I think there's no better time than now to tell you my thoughts.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved,

Coming up this week, how do you solve a problem like the Volkswagen Emissions Scandal. Not just the scandal itself, but the canary in a coalmine risks the scandal unveiled. Potential threats we might have thought unthinkable ten, heck, maybe five years ago. They were realized in brutal form during the Volkswagen Emissions Scandal.On this week's episode, I explore the Volkswagen Emissions Scandal. And I delve into the two major threats that I believe still remain, even though the scandal itself is somewhat over. Threats that I believe are exponentially bigger, and more dangerous, than anything Volkswagen did.Correction: During the episode, I refer to charges being laid against Volkswagen by the Department of Defence. This is an error. Charges were laid by the Department of Justice.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.Bibliographyhttps://blog.americansafetycouncil.com/volkswagen-emissions-scandal/https://www.epa.gov/vw/learn-about-volkswagen-violationshttps://www.caranddriver.com/news/a15351476/caught-black-handed-why-did-volkswagen-cheat/https://americantaxservice.org/tax-credits-for-electric-vehicle-car/

On this week's episode, the historic victory, in 1983, of Australia over the United States, to snatch the coveted America's Cup yacht race. For those Australians of a certain vintage. I was in third grade at the time. I remember waking up on September 26 1983, getting ready for school, all the while watching the television broadcast, live from , Newport, Rhode Island. I remember every moment of Australia II crossing the finishing line, the cannons exploding, signifying that we had indeed won, and I remember watching a country celebrate with wild abandon. Australia. Yes, little Australia, had just ended the longest winning streak in sport of all time. 132 years.Today's episode is a story of the plucky underdogs vanquishing a dominant combatant. It's a story of understanding where opportunity exists, and how to best maximise its potential. And it's a story of resilience and never laying down your arms, until the job is done.On this week's Risktory Podcast, how Australia II won the America's Cup.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.Bibliographyhttps://www.youtube.com/watch?v=s8mdHO2_Zo8https://en.wikipedia.org/wiki/Australia_IIhttps://www.nma.gov.au/defining-moments/resources/americas-cup-win

Coming up this week, I make sense of the Kyle Rittenhouse trial and verdict. While I don't actively try to court controversy on the podcast, I feel like there has been a huge amount of disinformation surrounding this trial. There are conversations that need to be had. Learnings to be heeded. But we – as a nation – are never going to find some kind of peace if we are transacting on the basis of falsehoods.So, today, I'm going to unpack what we know happened on August 25 2020. I'm going to unpack the trial and the verdict. I'm going to bust a few myths that, unfortunately, have become cannon. Hint: the AR in AR15 is not an acronym for Assault Rifle. You're welcome. And I'm going to spitball how I think we – as a country – can and should proceed from here if authentic amends are to be made. Opportunity abounds. We just have to seize it.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.Bibliographyhttps://en.wikipedia.org/wiki/Kenosha_unrest_shootinghttps://en.wikipedia.org/wiki/Shooting_of_Jacob_Blakehttps://www.foxnews.com/us/kyle-rittenhouse-days-leading-up-to-shootinghttps://www.cnn.com/us/live-news/kyle-rittenhouse-trial-11-15-21/index.html

Coming up on this week's episode, the epic story of Madam CJ Walker. America's first female self-made millionaire. CJ Walker is a great illustration of ‘when life hands you lemons, throw up that middle finger and go build yourself an empire. And make sure those who doubted, know about it'. On this week's episode of The Risktory Podcast, the life and times of Master of the Risk Universe, Madam CJ Walker.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.Bibliographyhttps://madamcjwalker.com/https://en.wikipedia.org/wiki/Madam_C._J._Walker

Coming up on this week's episode, the story of Operation Varsity Blues. An FBI investigation into a criminal conspiracy to influence undergraduate admissions at American colleges. It is estimated that more than $25 million exchanged hands between thirty three parents – including actors Lori Laughlin and Felicity Huffman – and William Singer, a College Adminissions Coach.You have often heard me speak about risk being agnostic. That some of history's biggest monsters – Adolf Hitler, Che Guevara, Josef Stalin – they were all superb risk practitioners. But they used our discipline for the most evil of purposes. Operation Varsity Blues is a great example of the opportunity side of the risk coin, being used for malevolent intent. To gain privilege at the expense of others. On this week's episode of the Risktory Podcast, I look at how the wealthy and powerful used risk, to grasp what was not theirs to have.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.Bibligraphyhttps://www.monstersandcritics.com/movies/rick-singer-update-where-is-he-now-and-what-was-the-key-on-operation-varsity-blues/https://www.yahoo.com/entertainment/operation-varsity-blues-detailed-timeline-192801210.htmlhttps://themilsource.com/2020/05/24/who-is-william-singer/https://en.wikipedia.org/wiki/2019_college_admissions_bribery_scandal

On this week's episode, whatever happened to Circuit City? How did such a mainstay of the American Retail Ecosystem collapse. Today's episode will contain no surprises in terms of how or why Circuit City found itself cast adrift. Having said that, while there might not be any surprises in terms of how and why Circuit City collapsed, the concept of interdependent risk realized is at the heart of Circuit City's decline. Risk doesn't exist in a vacuum: treat it like it does, and you're setting yourself up for a mighty fall. The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.Bibligraphyhttps://en.wikipedia.org/wiki/Circuit_Cityhttps://fourweekmba.com/what-happened-to-circuit-city/

On today's episode, something a little different. One of the most popular Risktory episodes of 2021, or ever, really, has been the episode ‘Make it make sense… Gamestop' where I documented how a bunch of Reddit bros went up against Wall Street and stripped wealthy investors of over a billion dollars through a stock trading strategy called short-selling. Ever since that episode first aired in February 2021, I've been inundated with questions about stock trading strategies. And I've found it interesting that most, if not all, of the questions were, and are, around minimizing loss and maximizing yield. And how to avoid the former and how to chase the latter.And you might be thinking, that's weird. Why are people messaging a podcast based in risk and history about stock trading strategies. Don't worry, it flummoxed me too at first. But then I figured it out.Stock trading strategies are – at their core – pure risk management. Depending on your objective, there is likely to be a stock trading strategy that, when implemented, will work to minimize loss and maximize yield. The messages I was receiving were not necessarily around the technicalities of stock trading but, rather, how to use them in a risk management context or risk management ecosystem.So, on today's episode, I make sense of ten of the most popular stock trading strategies: what they are, how they work, and how you – the average, everyday person – can utilize them. From the perspective of risk management.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.Time StampsMarket Order: 2:36Limit Order: 4:33All or None: 6:10Fill or Kill: 7:53Immediate or Cancel: 8:50Stop: 9:41Stop Limit: 10:26Short Sell: 11:07Day: 13:36Good till Cancelled: 14:17Related Episodehttps://www.spreaker.com/user/jacintheagalpin/21-02-01-mims-gamestop-disruption

Coming up this week, an episode I've long wanted to cover, and now – this week – it's time. Master of the Risk Universe. Peter Allen.Peter Allen occupies a curious place in Australian lore. At least, in my Australian world, there is no debate as to whether you love, or hate, Peter Allen. He has, over time, transcended the judgements we usually ascribe to celebrities. Peter Allen is a national deity and his song, I Still Call Australia Home, our unofficial national anthem. As an expat, I can tell you that – play that song amongst a group of Australians who are far from home – and the tears that accompany its playing, they will be real.On this week's episode of The Risktory Podcast, the life and times of master of the unknown, and great Australian, Peter Allen.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.Bibliographyhttps://en.wikipedia.org/wiki/Peter_Allen_(musician)http://www.stagenoise.com/feature/2012/peter-allen-10-february-1944-18-june-1992https://adb.anu.edu.au/biography/allen-peter-17370

Coming up on this week's episode, whatever happened to Wirecard? The German-based payment processor and financial services unicorn that collapsed in August of 2020.The story, and the lessons learned, from the Wirecard collapse: It's an exercise of what happens when threat is in plain sight, where the canary in the coalmine is practically comatose, and yet, nothing is done to right the ship. Until it's too late.On this week's episode, the rise and fall of a European darling, Wirecard.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.Bibliographyhttps://www.ft.com/content/03a5e318-2479-11e9-8ce6-5db4543da632https://www.reuters.com/article/us-germany-wirecard-inquiry-timeline-idUSKBN2B811Jhttps://en.wikipedia.org/wiki/Wirecardhttps://en.wikipedia.org/wiki/Wirecard_scandalhttps://www.regulationasia.com/wirecard-the-biggest-fintech-success-and-failure-story-of-all-time/

So, as many of you would know, in the last week, I became an American Citizen. And with that, I had a lot of questions about our immigration journey from Australia to America. And a lot of suggestions that our immigration journey might be a great episode in terms of personal risk and how we – as a family - balanced the challenges of the unknown with the incredible opportunity that immigration to the US offers.So, this week, instead of a How They Did It episode, this is a How We Did It episode. From late 2013 when our immigration journey began to Tuesday September 21 2021, when the journey for me, and my boys, finally ended. Fair warning, this is more of a personal episode so it is a bit longer than the usual Risktory Podcast episode. The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.Bibliographyhttps://www.uscis.gov/green-card/green-card-eligibility/green-card-through-the-diversity-immigrant-visa-program

Coming up this week, the story of how the behemouth that is Trader Joe's all began. The start-up story of Trader Joe's is the stuff of beautiful, disruptive, opportunistic risk taking. It's a start of one man, who saw a gap, and chose to innovate that gap, creating a brand that – in the US – is universally loved and cherished.The startup story of Trader Joe's has all the hallmarks or characteristics you'd expect from the disruptors: ambition, curiosity, diligence, resilience. A lot of what you will hear today, won't be new from the perspective of how disruptors disrupt. They have a pattern and you will see that pattern in today's episode.But there are lessons in the Trader Joe's startup that makes its inception, and subsequent, journey, utterly unique. Lessons that have facilitated Trader Joe's holding multiple competitive advantages that – to this day – have been unable to be eroded.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.Bibliographyhttps://en.wikipedia.org/wiki/Joe_Coulombehttps://en.wikipedia.org/wiki/Trader_Joe%27shttps://fonolo.com/blog/2019/03/how-trader-joes-makes-customer-experience-its-competitive-advantage/https://www.company-histories.com/Trader-Joes-Company-Company-History.html

Coming up on this week's episode, let's talk about COVID-19 vaccine mandates. Specifically, the sweeping vaccine mandates announced by President Joe Biden last week week. Not surprising in modern day America, there are those who are cheering Biden, believing that this is the decisive move America needs to get back to normal. And there are those who believe this is an unconstitutional grab for power, and the unfortunate start of America's journey into totalitarianism.On this week's episode, I explore vaccine mandates: pros and cons. And I'll explore some lessons from the past that we all ought to remember.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.Bibliographyhttps://www.whitehouse.gov/covidplan/

Coming up on this week's episode, whatever happened to Pan Am? King of the American Skies. Long story short: a lot of things.Short story long: The collapse of Pan Am was a perfect risk storm. It wasn't one threat that took out Pan Am. It was a mix of threats, incubating over an extended period of time, that came together. Creating a risk storm that Pan Am was, simply, unable to either weather and/or recover from.On this week's episode, I look at the (very sad) collapse of an American icon.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.Bibliographyhttps://en.wikipedia.org/wiki/Pan_Am https://guttulus.com/what-happened-to-pan-am-the-decline-of-a-business/ https://study.com/academy/answer/why-did-pan-am-collapse.html https://simpleflying.com/major-airline-decline-1980s/

Coming up this week, let's go back in time and explore how the Antwerp Diamond Heist was executed. On February 15 2003, a group of five Italian thieves calling themselves ‘The School of Turin' breached one of the most secure locations in the world – the Antwerp Diamond Center – and stole in excess of $100 million dollars worth of diamonds, gold, silver and other rare gems and jewelry. The largest diamond heist in recorded history. One of the largest robberies ever in recorded history.And while The School of Turin were caught. Well, bar one member, whose identity remains unknown to this day. While four of the five members were eventually caught, the planning and execution of the Antwerp Diamond Heist is the personification of ISO31000 in real time. The members of the School of Turin, risk masters.In this week's episode of The Risktory Podcast, the cracking tale of the Antwerp Diamond Heist. The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.Bibliographyhttps://www.scottselby.com/flawlesshttps://en.wikipedia.org/wiki/Antwerp_diamond_heisthttp://news.bbc.co.uk/2/hi/europe/2782305.stmhttps://abcnews.go.com/Primetime/story?id=132401&page=1https://allthatsinteresting.com/antwerp-diamond-heisthttps://www.expatica.com/be/uncategorized/four-jailed-for-diamondstudded-italian-job-82517/https://crimepulse.com/2020/12/the-legendary-antwerp-diamond-heist/

What a risk gift we have received in the last week, in the form of Trevor Milton, founder of electric vehicle manufacturer – Nikola – being indicted by a federal grand jury on three counts of criminal fraud. The US Securities Exchange Commission (the SEC) has also filed a complaint against MIltonI say risk gift, not because what is happening is wonderful. Milton's indictment will see thousands of investors lose over the coming weeks. And Nikola leadership will have to steady a ship that is now without a captain.I say risk gift, because what we are seeing with Milton's indictment, is threat playing out in real time. For risk practitioners, these moments are rare and – when they happen – we're almost honor bound to absorb every moment. Because the lessons we will learn are the lessons that make us better practitioners. And make our organizations stronger and more resilient.On this week's episode of the Risktory Podcast, I explore just how Milton and Nikola found themselves in this position. The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.Bibliographyhttps://hindenburgresearch.com/nikola/https://en.wikipedia.org/wiki/Nikola_Corporationhttps://www.sec.gov/news/press-release/2021-141https://www.justice.gov/usao-sdny/pr/former-nikola-corporation-ceo-trevor-milton-charged-securities-fraud-schemehttps://www.cnbc.com/2021/07/29/us-prosecutors-charge-trevor-milton-founder-of-electric-carmaker-nikola-with-three-counts-of-fraud.html

So, COVID-19 cases in the US are rising. A second wave is possible. And with that potential second wave, comes a second wave of COVID-19's partner in crime: panic porn. Breathless social media posts. People cancelling vacations. Politicians calling for additional lockdowns.And while I understand that the memories of 2020 are still fresh. And that it is natural to feel fear as a result. I think it's important that we all understand what is really happening. It's important to understand that what is happening isn't surprising, and that it aligns with the trajectory of all pandemics. And I think it's important that we zero in on what we should be doing to mitigate threat, rather than surrendering ourselves to fear.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.Bibliographyhttps://www.ncbi.nlm.nih.gov/pmc/articles/PMC5075021/https://www.chron.com/news/article/Lambda-variant-cases-of-COVID-19-are-popping-up-16333072.phphttps://www.mdlinx.com/article/5-viruses-more-dangerous-than-the-new-coronavirus/7wQzXjJudXjqIZVb8eU6LIhttps://coronavirus.jhu.edu/data/mortalityhttps://www.nationalgeographic.com/science/graphics/graphic-tracking-coronavirus-infections-ushttps://www.cdc.gov/mmwr/preview/mmwrhtml/rr6306a1.htmhttps://nypost.com/2021/04/14/cnn-staffer-tells-project-veritas-network-played-up-covid-19-death-toll-for-ratings/

Coming up this week, the story of a group of unlikely risk masters. Female Bootleggers.When the US ratified the 18th amendment to its Constitution in January of 2019. A move that effectively banned the manufacture, sale and transportation of alcoholic beverages. It unknowingly, or at least unintentionally, created opportunity for bootleggers to ply their trade to customers for whom alcohol was a non-elastic necessity.The usual shady characters – including organized crime groups – all stepped into the breach created by the 18th amendment. As did women. Ordinary. Everyday. Previously law abiding women.On this week's episode, I look at four legendary female bootleggers. How they did what they did. Why they did what they did. And I explore the risk lessons we ought to learn from Masters of the Bootlegging Risk Universe.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.Bibliographyhttps://www.npr.org/templates/story/story.php?storyId=5044685https://sallyjling.org/2011/06/28/gertrude-lythgoe-fascinating-women-of-prohibition/https://en.wikipedia.org/wiki/Willie_Carter_SharpeParlor of Birdie Brown 'legendary' (greatfallstribune.com)https://www.unlvpublichistory.com/the-hidden-history-of-women-bootleggers/http://montanawomenshistory.org/montanas-whiskey-women-female-bootleggers-during-prohibition/https://ellenbaumler.blogspot.com/2013/03/josephine-doody.htmlhttps://www.huffpost.com/entry/womens-history-month-spot_b_4927284https://www.homestead.org/homesteading-history/women-bootleggers/https://rarehistoricalphotos.com/two-female-bootleggers-1921/https://www.alcoholproblemsandsolutions.org/women-bootleggers-during-prohibition-there-were-many/

Coming up on this week's episode, disrupting is all fun and games. Until such time as you become the disrupted. As we see with the rise. And fall. Of Compaq computers.Compaq - the brainchild of three friends from Houston, Texas – disrupted the computer hardware market by, initially, boldly playing in IBM's slipstream. And subsequently, transforming and mastering what was, at the time, the burgeoning value chain that was computer hardware manufacturing. Creating for itself multiple competitive advantages.And then, Compaq became the disrupted. Its momentum had the kibosh put it. It's competitive advantages – and there were a few - eroded. To the point that we now ask today, whatever happened to Compaq.On this week's episode of the Risktory Podcast, we find out. Tip: it's exactly what you think happened.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.Bibliographyhttps://en.wikipedia.org/wiki/Compaqhttps://www.pcguide.com/news/what-happended-to-compaq/https://dfarq.homeip.net/why-did-compaq-fail/https://www.chron.com/news/article/Compaq-timeline-2047450.php

You've heard me talk all year about the agnostic nature of risk management, as a discipline. As recently as three weeks ago, in an episode exploring the 1986 Insider Trading Scandal, I talked at some length about how our discipline. As a method of navigating the unknown. It doesn't have a moral compass. It can be used for the purposes of good. And for the purposes of the not so good.Enter John McAfee. The controversial and problematic creator of McAfee Anti-Virus Software, who – just last week – passed away while awaiting extradition from Spain to the US to face charges of fraud and money laundering.McAfee created a whole industry rooted and nested, in the fear of the unknown. He saw opportunity in threat, expertly wielding our discipline to make himself a multi-millionaire. On this week's episode, I explore how McAfee did it.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.Bibliographyhttps://www.cnet.com/how-to/john-mcafees-tumultuous-life-in-tech-everything-you-need-to-know/https://en.wikipedia.org/wiki/John_McAfeehttps://nypost.com/2021/06/26/sex-drugs-guns-wild-life-and-death-of-tech-king-john-mcafee/https://www.coinbureau.com/analysis/john-mcafee-story/https://noti.group/how-john-mcafee-went-from-pioneering-cyber-security-to-running-from-the-law-before-suicide/

Coming up on today's Masters of the Risk Universe, a woman whose name you may not have ever heard of. But a woman whose invention and innovation, a large majority of you will have used at some point.Melitta Bentz – the inventor of the paper coffee filter. Melitta Bentz - the creator of a coffee empire that, to this day, still exists. And Melitta Bentz – a woman whose innovative workplace policies set the tone for the benefits we take for granted today.There is nothing more inspiring than an everyday risk master. Someone who saw a problem. Spotted the gap. Innovated the gap. Throttled the opportunity that followed. And didn't stop, even when she had ‘made it'.Stories like that of Melitta Bentz are the stories that ought to inspire everyone that, they too, can be risk masters.On today's episode, the incredible story of innovator and disruptor, Melitta Bentz.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.Bibliographyhttps://www.melitta.com/melitta_journey_through_time_en.htmlhttps://en.wikipedia.org/wiki/Melitta_Bentzhttps://www.seriouseats.com/coffee-history-melitta-bentz-inventor-of-the-paper-filterhttp://www.edubilla.com/inventor/melitta-bentz/https://www.worldatlas.com/articles/who-invented-the-coffee-maker.htmlhttps://www.company-histories.com/Melitta-Unternehmensgruppe-Bentz-KG-Company-History.html

Coming up today, let's call this week's episode a Viewers Choice episode, given so many of you reached out to me to cover it. This week, I will make sense of the JBS Holdings Hack.I've always said that the 2016 Crash Override hack. Which, for those not familiar, was the successful infiltration, and shut down, of Kiev's electrical grid in the dead of a frigid Ukranian winter. I've always said that the 2016 Crash Override hack. It wasn't the main event. It was a preview of what was to come.What we are seeing with the hacks of both the Colonial Pipeline and JBS Holdings is a holus bolus full frontal attack on critical infrastructure globally, with the aim of: a) making hackers money; and b) demonstrating the fragility, or perhaps more accurately, the vulnerability, of critical infrastructure. This is Fight Club, except it's not fiction.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.Bibliographyhttps://www.cnn.com/2021/06/02/business/beef-hack-jbs/index.htmlhttps://www.cnn.com/2021/06/09/business/jbs-cyberattack-11-million/index.htmlhttps://finance.yahoo.com/news/jbs-paid-11-million-ransom-004139206.htmlhttps://www.ttnews.com/articles/jbs-paid-hackers-11-million-after-hack-closed-plantshttps://www.npr.org/2021/06/03/1002819883/revil-a-notorious-ransomware-gang-was-behind-jbs-cyberattack-the-fbi-sayshttps://www.bloomberg.com/news/articles/2021-05-31/meat-is-latest-cyber-victim-as-hackers-hit-top-supplier-jbshttps://jbsfoodsgroup.com/articles/jbs-usa-and-pilgrim-s-announce-resolution-of-cyberattack

Something I've said time and time again on the podcast, is that risk management – as a discipline – it's agnostic. As a discipline which – at its core – is all about how we entreat with the unknown – both with opportunity and/or threat in mind. Risk management doesn't discriminate. It doesn't have a moral compass. Anyone can make use of it. For the purposes of good. And for the purposes of the not so good.And that's where Ivan Boesky and the 1986 Insider Trading Scandal comes in. Ivan exploited the opportunity side of the risk coin, as a way to make money. And while – as you will find out in this episode – Ivan paid an incredibly heavy price for his opportunity chasing. The story of Ivan Boesky is a story of our discipline – our tools, our techniques, our capabilities – being used in ways perhaps not intended. But nevertheless, reflective of risk management being a game anyone can play.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.Bibliographyhttps://www.businessinsider.com/meet-ivan-boesky-the-infamous-wall-streeter-who-inspired-gordon-gecko-2012-7https://www.nytimes.com/1987/12/19/business/boesky-sentenced-to-3-years-in-jail-in-insider-scandal.htmlhttps://www.cnbc.com/2020/11/28/who-is-ivan-boesky.htmlhttps://en.wikipedia.org/wiki/Ivan_Boeskyhttps://sites.psu.edu/callmevij/2018/10/25/the-great-insider-trading-scam-of-1986/

Inventor and Futurist - Ray Kurzweil – a Risktory Podcast favorite – speaks of the Law of Accelerating Returns. Which is the idea that, in a non-technology driven world, change was largely linear. Left to Right. Top to Bottom. Consecutive.According to the Law of Accelerating Returns, in a technology driven world – such as the one we now live in – change is both concurrent and exponential. Every advance feeds on the previous advance, not only hastening the rate of change, but also shortening the lifespan of an advance before it’s superseded.It’s not always easy to find real life examples of the Law of Accelerating Returns, outside of the medical world, which is the environment within which Kurzweil formulated the Law. But Vine – the short-form social media platform – whose original format lasted just three years - is a perfect example of the Law in action. Of VINE coming into existence because of exponential change, and churning out, for the same reason.On this week’s Whatever Happened To episode, I look at the rise – and fall – of Vine. And I explore why – in a world of rapid change and where our abilities to entreat with the unknown will be challenged - why we all need to understand, and prepare to adapt for, the Law of Accelerating Returns. The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.Bibliographyhttps://www.timetoast.com/timelines/vine-app-timelinehttps://en.wikipedia.org/wiki/Vine_(service)https://www.kurzweilai.net/the-law-of-accelerating-returns

On this week’s episode, a much requested Make It Make Sense: the Colonial Pipeline crisis.On May 7 2021, the Colonial Pipeline, a fuel pipeline operating out of Houston, Texas, and serving 45% of the US east coast, was shut down, due to hackers infiltrating its systems and impacting equipment critical to the operation of the pipeline. The resultant impacts – everything from fuel shortages to flight disruptions to increased hacking activity (industry agnostic) – were a stark reminder of the criticality of infrastructure in our day to day lives. And how quickly we fall apart when infrastructure is compromised. The Colonial Pipeline crisis is a story where all the warnings signs were there, and yet the risk still manifested. On today’s episode, I’ll take you through what happened. The impacts. How it was resolved. And I will bring you the lessons learned. Lessons not just for our organizations, but lessons for us as humans.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.Related EpisodeCrash Override - https://www.spreaker.com/episode/17202449Guiding Principles for Cyber Risk GovernanceDCRO -https://drive.google.com/file/d/1j5bT3GTNdOwwKfJf6cVzXqPijeHrhYdI/viewBibliographyhttps://www.reuters.com/business/autos-transportation/darkside-hackers-focus-after-toshiba-attack-2021-05-14/https://krebsonsecurity.com/2021/05/a-closer-look-at-the-darkside-ransomware-gang/https://en.wikipedia.org/wiki/DarkSide_(hacking_group)https://en.wikipedia.org/wiki/Colonial_Pipeline_cyberattackhttps://www.msspalert.com/cybersecurity-breaches-and-attacks/ransomware/colonial-pipeline-investigation/https://www.nbcnews.com/business/consumer/shortage-delivery-drivers-means-gas-station-pumps-could-run-dry-n1265673https://www.washingtontimes.com/news/2021/may/19/colonial-pipeline-ceo-admits-paid-ransom-hackers/

When someone asks me my favorite movie, I always say: I have three. Stanley Kubrik’s, The Shining. Rob Reiner’s, This is Spinal Tap and David Lynch’s directorial debut, Eraserhead.David Lynch is a curious cat. An accidental disruptor. A master of actively, consciously stepping into the void without fear or trepidation. There is something to be said about someone who sees the herd, knows they have the capacity to outrun the herd if they wanted to, but still chooses their own unique creative path. David Lynch’s life is a perpetual leaping off the cliff into the unknown, not knowing where he’ll land, but recognizing that the not knowing is what makes for a fun, and life-changing, journey. On today’s episode of the Risktory Podcast, the story of the accidental disruptor, David Lynch.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.Bibligraphyhttps://en.wikipedia.org/wiki/David_Lynchhttps://www.britannica.com/biography/David-Lynch-American-director-and-screenwriterhttp://www.artnet.com/artists/david-lynch/

In a world that seems all so negative and chaotic, a good news story this week. A story that exemplifies the natural inclination of our species to spot the gap, innovate the gap, and change the world. The Door Dash Start Up Story.The Door Dash Start Up Story will feel familiar to you. It’s a story of beautiful disruption. Of opportunity chasing. Or discipline, resilience and commitment to goal. And a story of making the impossible, the unknown, a beautiful reality.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.Related EpisodesAirBnb - https://www.spreaker.com/episode/23070328Alibaba - https://www.spreaker.com/episode/44372612Amazon - https://www.spreaker.com/episode/19273306Bibligraphyhttps://www.crunchbase.com/organization/doordashhttps://medium.com/@DoorDash/the-doordash-story-b370c2bb1e5fhttps://en.wikipedia.org/wiki/DoorDash#cite_note-23https://nextbigwhat.com/doordash-story/

On today’s episode, I look at the rise and fall of Payless Shoes. At one point, Payless Shoes was the US’ largest and most successful family owned business. Bigger than Walmart and the Walton Family. Think about that for a minute.And then, its fortunes dwindled. The disruptor became the disrupted. And the disrupted was unable to sustain itself.On this week’s episode, let’s talk about how Payless disrupted the shoe market. Innovated its way to what seemed to be an unassailable competitive advantage. And then, how its decades of market dominance, all fell apart in a matter of years. The story of Payless’ collapse. It’s nothing new. In many ways, it is proof that we don’t always learn from the past, which dooms us to a repeat performance in the future. The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.Related Episodehttps://www.spreaker.com/user/jacintheagalpin/20-05-04-whatever-happened-to-toys-r-usBibligraphyhttps://moneyinc.com/the-rise-and-fall-of-payless-shoesource/https://en.wikipedia.org/wiki/Payless_(footwear_retailer)https://www.cnbc.com/2019/02/19/payless-shoesource-files-for-bankruptcy-closes-its-2500-us-stores.htmlhttps://www.smartcompany.com.au/finance/payless-shoes-collapses-voluntary-administration/https://www.businessinsider.com/the-rise-and-fall-of-payless-shoesource-2019-6?op=1#in-2019-the-discount-show-retailer-filed-for-bankruptcy-again-and-announced-its-plan-to-close-all-us-stores-19

On today’s episode, Derek Chauvin has been found guilty of all three charges laid against him, for his role in the death of George Floyd: second degree murder, third degree murder, and second degree manslaughter.On the face of it, justice has been served. But has it? What if Tuesday’s verdict isn’t the end, but rather, the beginning of a far more turbulent and hazard riddled era.On today’s episode of the Risktory Podcast, I make it make sense – from a risk perspective – of what next? What are we likely to see in the coming weeks and months. Has justice truly been served for George Floyd. Or will this be a case of justice, interrupted. The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.Bibligraphyhttps://abcnews.go.com/US/derek-chauvin-verdict-overturned-appeal/story?id=77213609https://www.nbcnews.com/news/us-news/derek-chauvin-verdict-reached-trial-over-george-floyd-s-death-n1264565https://www.foxnews.com/us/live-updates-derek-chauvin-trial-sees-jury-deliberations-beginhttps://www.cbsnews.com/news/chauvin-trial-alternate-juror-lisa-christensen-testimony/

Coming up on this week’s episode, the story of a man who was handed lemons, and decided to make himself a billionaire. Founder and former executive chairman of juggernaut tech giant, Alibaba. Jack Ma.Jack Ma’s story is a story of how good stuff doesn’t just happen. You have to want it. Work for it. Chase it. Make sacrifices in the process. And learn to balance opportunity and threat so that you reap the benefits of the former and minimize the impacts of the latter.You have to be a master of the risk universe. On today’s episode, I’ll explain why Jack Ma is the archetypal risk master. And what we – as practitioners and individuals - can take from his example.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.Bibligraphyhttps://en.wikipedia.org/wiki/Jack_Mahttps://www.msn.com/en-us/money/other/alibaba-founder-jack-ma-is-missing-what-s-his-story/ss-BB1cEQHS#image=1https://www.cnn.com/2021/01/06/tech/jack-ma-china-tech-intl-hnk/index.htmlhttps://www.britannica.com/biography/Jack-Ma#ref1122243

On this week’s episode, a listener request. Listener, Samantha, emailed me a few weeks ago asking if business continuity – as a discipline – as a product – as an output – is business continuity dead. And she asked this because, in her own organization, not one plan was invoked during COVID-19. In her mind, you’d think COVID19 – with its far reaching consequences – it would be the one event where you would invoke your continuity plan or plans en masse. And that did not happen in her organization.Samantha’s question got me thinking. And for the curious who want the answer straight away, no continuity plans are not dead, and I’ll explain why in a few minutes. Samantha’s question got me thinking about the crisis management landscape, and the impacts of COVID19 on that landscape. In this week’s episode, I look at what’s stayed the same. What has changed. What that means for all of us. The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.

On today’s episode, Whatever Happened to… The Medici Bank.The Medici Bank was, at its height, a conglomerate behemoth. The largest and most respected financial institution in Europe. An innovator and disruptor, establishing banking and accounting protocols, that exist to this day.And then, in spectacular fashion, it collapsed. In a way so seminal that, even today, the collapse of the Medici Bank acts as a cautionary tale of what not to do. And not just because it was so impactful. But because the mistakes of the Medici Bank are mistakes we continue to see repeated in modern times.The lessons that history teaches us: sometimes they are harder to truly learn than we think. On today’s episode of The Risktory Podcast, I take you through the rise – and fall – of the Medici Bank. The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.Bibligraphyhttps://en.wikipedia.org/wiki/Medici_Bank#Declinehttps://study.com/academy/lesson/the-house-of-medici-rise-and-fall-of-a-banking-family.htmlhttps://www.forbes.com/2008/10/30/medici-banks-meltdown-oped-cx_ms_1031simonetta.html?sh=4b9ce2f5129a

On today’s episode, one of the most requested episodes I get from Risktory listeners: blockchainFrom murky origins within the world of cryptocurrency, blockchain technology is emerging as a true game changing way of doing business. From supply chain to finance to entertainment, blockchain is no longer a technology that exists in the shadows. It is one of THE most innovative disruptive technology the world has seen in the last 20 years. On today’s episode of the Risktory Podcast, everything you ever wanted to know about blockchain. What it is. How it works. Pros. Cons. Its future.On today’s episode, I make it make sense.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.Related Episodehttps://www.spreaker.com/user/9534253/cryptocurrency-as-disruptive-riskVisual Guidehttps://1drv.ms/b/s!AmC567kRvlPO7SQst7GpbOvkp6ut

Coming up on today’s episode, the Queensland Health Fraud, starring quote/unquote, Tahitian Prince, Joel Barlow. A fraud that cost the Queensland taxpayer upwards of $16 million Australian dollars. I say upwards, because $16 million dollars is what Barlow stole. The costs associated with detecting and investigating the fraud, prosecuting Barlow, and reinforcing internal control environments to prevent a recurrence: this also totals in the millions.Barlow’s plan, as you will find out in this episode, was incredibly simple. So simple that it should have been detected the first time it was deployed. But it wasn’t. Indeed, Barlow was able to execute a total of 65 fraudulent transactions, using the same plan, over and over again before he was caught. And, it’s arguable that, the only reason he got caught wasn’t because the control environment finally woke up, but because Barlow himself got so cocky that his actions became impossible to ignore.In today’s episode of The Risktory Podcast, the often rollicking fraud tale of Queensland Health vs the alleged Tahitian Prince.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.Bibliographyhttps://www.ccc.qld.gov.au/publications/fraud-financial-management-and-accountability-queensland-public-sector-examination-how

Today – March 8 – is International Women’s Day. And to celebrate, on today ‘s Masters of the Risk Universe episode, I am going to explore the life and times of three queens of rock and roll: Debbie Harry, Patti Smith and Pat Benatar.Growing up as a kid in Australia, these three women were the three I dreamed of being when I grew up. Not necessarily as a singer or a musician. I am a trained musician, but I am no singer. When I say I dreamed of being them, I more refer to me somehow being able to mimic their self-assuredness. Embrace their willingness to step outside the boundaries. Somehow become as courageous as them when confronting and taming the unknown. For a young mixed race kid in Australia in the 1970s and 1980s, and that was a hard time, let me tell you. As a mixed race kid who didn’t really know her place, and always felt out of place. These three women encouraged me to dream and to dream big. So, today, a very personal exploration of three masters of everything. This won’t be the usual Risktory episode, heavy on facts, with a little opinion mixed in to bring it all together. This will be a story of how these three women influenced me as a woman, and how their mastery of the unknown, influences me – to this day – as a risk practitioner.The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.Bibliographyhttps://faroutmagazine.co.uk/debbie-harry-interview-patti-smih-andy-warhol/https://en.wikipedia.org/wiki/Patti_Smith#Feminism_and_women_in_musichttps://www.azquotes.com/author/6330-Debbie_Harryhttps://en.wikipedia.org/wiki/Pat_Benatarhttps://www.metrowestdailynews.com/entertainmentlife/20190421/why-heck-isnt-pat-benatar-in-rock-amp-roll-hall-of-fameSeven Inch Recordshttps://en.wikipedia.org/wiki/Single_%28music%29Fisher Price Record Playerhttps://muppet.fandom.com/wiki/Sesame_Street_record_player_(Fisher-Price)Song LinksThe Tide Is High - https://www.youtube.com/watch?v=htRwf9zNGlICall Me - https://www.youtube.com/watch?v=StKVS0eI85IHeart of Glass - https://www.youtube.com/watch?v=WGU_4-5RaxUDancing Barefoot - https://www.youtube.com/watch?v=1Z9G8BdnFGsBecause The Night - https://www.youtube.com/watch?v=c_BcivBprM0Smells like Teen Spirit - https://www.youtube.com/watch?v=M_ciiCyxOJAHit with me with your best - https://www.youtube.com/watch?v=JRD80XRMT7sLove is a battlefield - https://www.youtube.com/watch?v=IGVZOLV9SPoWe belong - https://www.youtube.com/watch?v=qxZInIyOBXkInvincible - https://www.youtube.com/watch?v=5A4xBp2rizQ

On today’s episode, how do you solve a problem like Section 230. Here in the US, Section 230 of the Communications Decency Act of 1996 has transitioned. From being seen as a necessary protection for – at the time - burgeoning tech companies. To a weapon now being wielded by, no longer burgeoning, but behemoth, tech companies to curate and – some say – weaponize – how information is disseminated.On today’s episode of the Risktory Podcast, I explore exactly what Section 230 is and what it was intended to achieve. I look at why it has become problematic for so many. And I speculate the risk road forward for this controversial piece of legislation. The Risktory Podcast is created, written, hosted and produced by Jacinthe A Galpin.All rights reserved.Bibliographyhttps://33charts.com/joe-biden-section-230-communication/https://www.foxbusiness.com/technology/twitter-jack-dorsey-section-230-senate-commerce-hearing-testimonyhttps://www.cnbc.com/2020/05/28/what-is-section-230.html

There’s an old saying of history always repeating. And never has that been more true than in the story of Solyndra. The solar power would be unicorn that received a half a billion dollar loan guarantee from the US Government.Solyndra was supposed to change the world. And it did. Just maybe not in the way it was expected. With the unicorn shuffling off the mythical coil after just six years. Solyndra – and its collapse – is a reminder that, when we don’t learn from the mistakes from the past, the risk – and history - gods have no problem stepping up to give us a – sometimes brutal - refresher.All rights reserved.BibliographyComing Soon.

February is Black History Month and, so, today, I am bringing you the story of Maggie Lena Walker, the first African-American female to charter a bank, and serve as its President, in the US.History often shows us that the best way to challenge that which is unfair, is to master - and subsequently transform - the institutions that define our daily lives. And that’s precisely what Walker did, all in the name of bettering the daily reality of African-Americans living in the reconstructionist era, post the end of the American Civil War. Walker’s story is one of recognizing that risk is a long game, and that real change – sustainable, life altering – change. It takes patience, time, resilience and courage.The Risktory Podcast is created, hosted and produced by Jacinthe A Galpin.All rights reserved.Bibliographyhttps://en.wikipedia.org/wiki/Maggie_L._Walkerhttps://www.biography.com/scholar/maggie-lena-walkerhttps://www.encyclopediavirginia.org/Maggie_Lena_Walker_1864-1934#start_entryhttps://www.thoughtco.com/maggie-lena-walker-biography-3528602https://www.pbs.org/wnet/americanmasters/civil-right-activist-maggie-lena-walker-75lx9t/13814/https://www.blackenterprise.com/maggie-lena-walker-made-history-as-the-first-woman-to-own-a-bank-in-the-united-states/

I wasn’t going to do another Make it Make Sense Episode for a few weeks but then… GameStop happened. Real time disruption – on this scale in terms of impact – is incredibly rare and, so, on this week’s episode. I unpack the GameStop crisis that is currently unfolding. How it happened. Why it happened. And what I think will happen next. The Risktory Podcast is created, hosted and produced by Jacinthe A Galpin.All rights reserved.Bibliographyhttps://www.polygon.com/2021/1/27/22252600/gamestop-stock-gme-why-whats-happening-explainhttps://www.polygon.com/2021/1/22/22245048/gamestop-stock-price-record-short-selling-squeeze-bubble-explainerhttps://www.reuters.com/article/us-gamestop-hot-timeline-idUSKBN29W237https://www.nbcnews.com/think/opinion/redditors-took-hedge-funds-over-gamestop-amc-theatres-stock-won-ncna1255919https://www.reuters.com/article/us-gamestop-melvin-idUSKBN29X0EN