Lloyd Blankfein, Goldman’s current chief executive, loves to tell people that he spends “98 percent of my time thinking about 2 percent probabilities." ... It becomes the alpha priority especially in the area of managing risk in different situations.
In your competitive terrain, where do you think that 2% is located at ?
Do you think that you can capitalize on the 2% before your competition can?
- Source: Dao of Strategy
A: The 2% depicts whether the best case or the worst case scenario would happen at all.
This past Tuesday night, I saw a superb Charlie Rose interview with Lloyd Blankfein. It revealed the strategic mindset of Mr. Blankfein in regards to how he strategizes from a top-bottom view..
- Source: Businessinsider.com...
There are many ways to perform scenario modeling. I preferred to use the "Temple Victory" process.
According to T'ai-yi Tun-chia assessment method, anything above sixty a majority, anything below sixty is a minority. ... In all these cases, victory and defeat are easily seen. "
- Li Quan's T'ai-pai Yin-ching