Welcome to the 148th edition of the Cavalcade of Risk!
For our readers who see our posts through sites that pick up its RSS news feed, the Cavalacade of Risk is a throwback to the early days of social media on the web, where individual bloggers (aka "the host") would solicit other bloggers to contribute posts to which they would link, usually related to a given theme (such as personal finance, or to use today's example, risk.)
In those old days, blog carnivals were a way that new or little known bloggers could attract more traffic to their sites. The bloggers who would host a particular carnival would change with every edition.
Today, blog carnivals are essentially obsolete - they've fully been replaced by what might be described as Social Media 3.0 - where sites like Facebook or Twitter rule in driving traffic to what people might find interesting to read.
Now, since it's fallen to us to host the 148th edition of the Cavalcade of Risk, we should point out that the risk of finding your endeavors becoming obsolete is a very real risk - we can't count the number of blog carnivals that have fallen by the wayside just because no-one thought they were worth continuing.
But the Cavalcade of Risk is a bit different - it has benefited from an organizing force in the form of Insureblog's Hank Stern, who has managed to make it last 148 editions.
Or 149, if you count the next edition, which will be hosted in two weeks time at the NotWithStanding blog!
But to get back to our contribution to this week's Cavalcade of Risk, having a solid organizing force behind an endeavor then is essential for sustaining it over the long term - thus, reducing the risk of obsolescence and having your endeavor fall by the wayside!
Political Calculations is a site that develops, applies and presents both established and cutting edge theory to the topics of investing, business and economics.
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