The old risk-management model I once taught and had a hand in developing back in the old (but not too old) days had five ways by which you could deal with risk (it was SAR mostly, but you can come up with other means of mitigation in other type operations).
Avoid
Spread Out
Transfer
Accept
Reduce
Handily, the acronym is ASTAR... I wanted RASTA, but the powers-that-be had no sense of fun at all and I was dealt a crushing defeat.
My organization's prior risk-management model was somewhat simpler...
Accept
John... sounds a lot like how you came up!
