From the coronavirus pandemic to the winter storm that knocked out essential infrastructure across the state, the past year has been marked by several “unprecedented” events. And for each of them, we have been caught unprepared. There is an important lesson here – many of the events we consider unlikely are still very possible. They’re known in the business world as “grey swan” events. They may not happen often or even soon. But probability says they will happen at some point, and the resulting impacts will be significant enough that we have to be ready for them. Governor Abbott has declared reviewing ...