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Foolproof

Foolproof

By Greg Ip

Why Safety Can Be Dangerous and How Danger Makes Us Safe. Little, Brown and Company, 2015.

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20 mins read

17 Key insights

A brief summary of Foolproof

Eye-opening research on risk, safety, and the lengths we take in order to protect ourselves, with the startling realization that by trying to foolproof our world, we are actually doing the opposite.

Key insights in Foolproof

1
What do you get from this book? A probing investigation into risk and the dangers of playing it safe
2
There is no way to ensure complete safety, and when we try, we may actually make things worse
3
Although we can learn from past financial crises, false confidence often prevents us from stabilizing the economy
4
The government and its people influence each other, and can impact society in both positive and negative ways
5
As illustrated by what happened in the eurozone, by trying to solve one problem, you often create another
6
Forest fires can be extremely destructive, but in smaller doses, they are an integral part of the natural world
7
Despite strict regulatory measures over food and medicine, unanticipated problems can arise
8
By trying to protect people in sports or in cars, we trigger harmful and unintended consequences
9
When communities build in areas prone to natural disaster, the devastation increases
10
While some fears are real, others are misleading, and companies must balance the two when making decisions
11
The best time to stop a catastrophe is before it happens, but that usually occurs only after an event prompts action
12
Probability can be useful when assessing risk, but the numbers are often not as reliable as they seem
13
Establishing rules can be an effective way to limit risk, but not everyone is open to receiving direction
14
By combining an engineer and ecologist mindset, we can find new ways to use space and make compromises
15
Summary of the key insights
16
Selected critiques in brief
17
Final word

Who should read Foolproof

Financial planners • business owners • concerned parents • survivalists • safety professionals • anyone interested in reducing risk

About the author of Foolproof

Greg Ip is a Canadian American journalist whose has reported for The Vancouver Sun, The Globe and Mail, and The Economist. Currently, he is the chief economics commentator for The Wall Street Journal. In 2002, Ip was part of a group of journalists whose combined work earned The Wall Street Journal the Pulitzer Prize for breaking news reporting.

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Greg Ip

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