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The alchemy of risk and how to master it. | Memuna Forna | TEDxYouth@Kingtom


Machiavelli the 15th century politician
said all courses of action are
whiskey-soaked udents is in avoiding
danger prudence is a calculated risk and
acted decisively make mistakes of
ambition and not mistakes of smooth
develop the strength to bold claims the
strength to suffer good afternoon my
name is Luna fauna I am a founder and
managing director it’s like we don’t
really pencils
communication it is my specialism over
the last few years I feel frustrated by
the use of the word or misuse of the
word resilient this bites Aryan and 17
years after each about disasters
communities demonstrate an amazing
they have a tenacity they’re the
tenacious will to survive they absorb
their setbacks they rebuild and my
fellow at life is almost exactly as
before in the process we have lost
building opportunities to innovate and
to improve time and time again we
experience the same misfortunes and same
way with exactly the same results
instead we need to build that better we
need to develop policy
you to adapt our systems and our
infrastructure so that we can withstand
shots
failure has perfected the strength to
suffer when we do have the strength to
do bold things we will be amazed at the
speed of our progress women if you here
have red colored banners novel The
Alchemist but for those of you can
happen The Alchemist is worried about
transformation and today I’m going to
talk to you about alchemy of
transformation the alchemy of risk
adventure explain where the alchemy of
risks changes risk into opportunity and
how we here at staring in and use the
alchemy of risk to transform our country
into the amazing vibrant economy it
should be so what it’s helped me of
risking most people most of us naturally
look for ways to limit our exposure to
risk and this is quite understandable by
its definition risk involves danger
however if we study the decisions if the
action is taken by countries by
enterprises by families by individuals
as they seek to better themselves
history shows that risk and opportunity
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think about the explorers the scientist
engineer the architect the business or
the artist everybody who comes well
actually excelled in their fields can
you think of one
just one who has achieved what they had
cheese who’s achieved greatness without
taking risks I didn’t fly a magazine we
write about high achievers of
changemakers I can’t think of one who
has achieved what they have achieved
without taking risk so whether the
challenge is exploring the depths of our
oceans the limits of space but top of
our highest mountains the batteries of
scientific knowledge running a
successful business or any vision or the
people of language have yet managed to
see great accomplishments in therapy
until taking a giant step into the
unknown this princess transforming the
essential to discovery to innovation to
infection and ultimately to develop this
process
presentations are infamous because of
amazing potential
you have great natural beauty without
ever cultural mineralogy of radical
human are the real resources but if our
country is to realize its potential or
if we are to realize our potential as
individuals we have to master the four
steps of risk alchemy
identify and recognize this in the last
15 years
Sara men will successfully consolidated
peace and democracy our economic growth
has improved overall and our development
initiative indicated an improvement
nevertheless we even made a high-risk
environment some of our most obvious and
abilities include relatively short life
expectancy low levels of education for
health care high unemployment food
insecurity is widespread and access to
clean water and adequate sanitation is
generally learned at its lightly dip
unifications we focus on doing business
this area and we pre-search a miss of
the business community’s primary
concerns top ability one ability to
weather events and that really not
surprising given that flooding a class
every single Rainey’s Tiffany and best
isn’t concerned about over-dependence on
commodity prices and I get the revolving
door invest
really indicative of particle receptors
the list of business risks goes on to
include corruption in adequate
protection for property rights the risk
of another ago that outbreak for
infrastructure a weak health care system
lack of credit for small and
medium-sized enterprises extreme poverty
and high unemployment so that begs the
question if the development of virtually
is compromised by these risks what are
this takes us to step two
from national security for our
development for our progress it is
essential that we learn step two in the
afternoon risk that is to manage our
risks I detect me now is a really good
example of risk management taking place
in Syria in right now and that’s what
the earth blood education workers before
that’s taken by three times
Hansol under the numeric keyboard at
least oil based on pleats experience we
know that one in clicks please read me
in the last 15 years for major floods
have affected over 220,000 people in the
fleet our average flood damage is
estimated to be as high as two point
five million dollars a year and of
course last year one of our West
disasters The Regent must know the
consequence of years of environmental
damage unregulated urban planning and
climate change the final death toll
misted over a thousand people dead 3,000
people were displaced haunted buildings
were damaged or destroyed
absolutely
because this was a convertible Kennedy
1000 people that 3,000 people displaced
to tackle the sale of forbidden fruit on
the FCC’s work will need to sustain it
will each be substantially strengthened
and expanded upon nevertheless it’s a
really inaudible proactive attempt to
risk managed logically frita and
mitigate its attempted the communities
involved it will reduce its forgiven for
people will feel more confident about
learn about their dates tonight and this
is a happier healthier and more
productive communities local businesses
may feel secure enough to invest a bit
war in their enterprises knowing that
years of years of hard work which
initially washed down the drain
overnight and it’s boneless stages yet
but you know and yes contact the FCC
concluded this work international
investors made it across the window oh
wow clubbing but is less a popular
freetown than before and they leave your
little diffident about extinct business
ventures well these are the outcomes of
averaging this maximize the
opportunities but whispering we have to
progress to step three we put together
the risk managers to miss embraces now
my parents and the natural Vista police
guitar when I was two I started working
at a school to explore it and by the way
if there are any two-year-olds listening
here in my bed there’s a whole world to
know only a tiny part of it Richie
rolled this walking around middle school
was a very risky strategy
it was the risk of being punished or
asleep of making movies we lived in the
poetry in the corner and then we’ve been
risking the repair of roads as well as
more general risks with strangers sneaks
etc but if I ever meant that those
especially today it’s pretty damn scary
and my first one about obstacle is
difficult as climate on indicator easier
and ephemeral productive and their time
to get from school to microbe I learned
that was interesting talk to people and
make friends and learn
extended periods of time I was able to
work much more closely River and it was
with a responsible adult and I saw up
close the miners Washington for diamonds
and those people that bite then I
learned the most important lesson
this can be very there are risk-taking
personalities so let’s put an economic
risk is subjective one person’s risk is
another’s comfort zone for example if we
take care it’s a story which will be
familiar with and think that’s fair to
say anybody doesn’t know the story the
toss in the pack
only kept completely the slowest Betty
tortoise challenge is the speedy boats
were there to erase the hair is
confident of winning so he shows off he
stops during the race that he falls
asleep the tortoise continues to move
very slowly but without stopping and
finally or might be wins the race but
it’ll be more successful by doing things
smoothly and steadily and way back to
quickly and carelessly I propose a
different interpretation I think
worried about embracing this the hair is
usually the risk-taker he’s fast and
thoughtless is careless this hot the
slower of steady tortoise and my opinion
is as much a risk-taker as the hair if
you think about it the raceless contrary
to the tortoise is natural to us it
exposed him to ridicule they took it
substantially and which was comforting
but him bracelets and a cable the hair
on the other hand miscalculated the
risks he failed to manage them and still
he knows once we have learned to embrace
risk we can rest a step for exploiting
this a friend of mine Philip spent just
what we can say in some time ago and in
those seven days he identified one and
proneural prospects after another he saw
opportunities everywhere in the power
sector tourism agriculture the service
sector
that’s what that okay you mean it asking
you he said there is so much opportunity
here I agree I wrote about opportunity
in seminary a year and a half ago I set
up it’s like we don’t even occasionally
with colleagues it’s a business magazine
we recognized that there was another
business focused magazine dedicated
selling air even though there are so
many opportunities here but certainly
compelling stories sister little s when
Philip spoke about all the business
prospects he identified we’ve been
listening serene areas highlighted one
risk we complained that business
Masseria was too difficult environment
was renamed in the market to small
people didn’t like change blah blah blah
we went into some of these consequences
of variable this was swept away by
floods or hardest hit by our health
specialists handicapped by the poor
quality of our education by those who
can’t
we out of the system a year or so ago I
attend an event in the village in Gambia
a new solar system the local community
health centers being commissioned in his
speech the Midwife explained what solar
that is what they used to give birth at
night and I bet my up for maybe grateful
they did it eventually it would be an
essential piece of equipment in delivery
industry 7uu the new services make this
largely a thing of the past there is a
lot instead of disability but at this
phase of its development
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described will continue to be the norm a
good quote another wise man said echo is
the first entry philosopher it’s not
because things are difficult but we dare
not venture it is because we dare not
venture that things are difficult well a
nation is under
this actually our country is yours to
note you have to become a critical mass
of people who dare to venture in 20
years time
Sarah Mira will be a reflection of your
vision a reflection of your courage a
reflection of your dedication a
reflection of your perseverance so
whether you are tortoise or whether your
hair be bold be bold dare to venture
this virtually your poetry our stereo depends on
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