The GFOA report Is it Time to Rethink Reserves? suggests that reserves (i.e., a rainy day fund) are a form of self-insurance and should be treated as such. Insurance is used to manage risk. A savvy strategy for reserves will require savvy thinking about risk. Here we present videos that help explain tools for savvier thinking. We’d like to thank probabilitymanagement.org and Sam Savage for their assistance with the content for these videos. Click here to to deeper into cutting edge risk analysis in public finance.