Do you concur with Nicholas’ assertion?

Regarding the HBR article by Nicholas (Nassim) Taleb:
We assume that risk can be measured by standard deviation. “Standard deviation—used extensively in finance as a measure of investment risk—shouldn’t be used in risk management. ”
ANSWER THE FOLLOWING QUESTION: Do you concur with Nicholas’ assertion? Articulate two points to support your argument to the affirmative or contrary.

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