Tag: calculated risk

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Economist Allison Schrager joins City Journal editor Brian Anderson to discuss her new book, An Economist Walks Into A Brothel: And Other Unexpected Places to Understand Risk. Risk is a universal fact of life, but some of us manage more of it than others. Schrager examined how a broad cross section of people handle it: horse breeders in Kentucky, members […]

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Recommended by Ricochet Members Created with Sketch. Quote of the Day: Skin in the Game


“In those early days, the Chief Engineer was almost always the Chief Pilot as well. This had the automatic result of eliminating poor engineering very early in aviation.” — Igor I. Sikorsky

This little pearl of wisdom from Igor has a real resonance with yours truly. I knew that the onset of summer was when I first strapped my backside in an airplane that was built with the labors of me and my flying buddy Tom. A quick review of my logbook confirmed that I did my first flight in N914KD on June 29, 2012, so I missed my first flight anniversary for a Quote of the Day by a week.