Behavioral Risk: How past experiences influence how we behave today
The greatest risk to any social system is the behavioural risk of the individuals within that same system. Ultimately, it is all down to the behaviour of individuals that will impact and influence the ownership decisions within the sphere of ownership, the day-to-day operational decisions within the sphere of business or the familial relationships within the sphere of the family. Behavioural risk will not only impact and disrupt the present-day system, it will have a significant impact on the future of the family itself, the family business or family office and, ultimately, the wealth of the family or system.
© Francesco Lombardo, Veritage Family Office
Behavioral risks are usually associated with how past experiences influence how we behave today. As Franco Lombardo will explain, an event happens to someone that gives them a thought. This thought breeds a feeling which nourishes a belief and that creates the behavior.
“The greatest risk to any social system is the behavioural risk of the individuals within that same system. Ultimately, it is all down to the behaviour of individuals that will impact and influence the ownership decisions within the sphere of ownership, the day-to-day operational decisions within the sphere of business or the familial relationships within the sphere of the family. Behavioural risk will not only impact and disrupt the present day system, it will have a significant impact on the future of the family itself, the family business or family office and, ultimately, the wealth of the family or system.”