Fair Weather Risk Management

I learned a valuable lesson about risk management the summer after I moved to Boulder, Colorado. Coloradans love to remind others (and each other) they get over 300+days of sunshine each year, and my first year in the state seemed to bear out this anecdotal wisdom. However, what all the jolly weather-snobs fail to mention is that Boulder is also prone to monsoons during the …

Calculating the Costs of Enterprise Software Purchases

Economists that study purchasing behavior understand that people often deceive themselves when buying large ticket items. There are certainly emotional components to purchasing behavior. I have purchased over 10 automobiles in my adult life without understanding the “total cost of ownership” (TCO) of any of them. I tried to make good decisions, but at the end of the day, I really wanted that vehicle. I once bought a totally …