by Rick Nason, PhD, CFA
Partner, RSD Solutions Inc.
In theory, there is no difference between theory and practice. But, in practice, there is.
Jan L.A. Van De Snepscheut
Does your risk department run on theory or practice? Is your risk department developed based on sound academic principles, or is your risk department developed based on the collective wisdom of seasoned professionals? Has your firm been able to successfully integrate and implement the two lines of thinking? (Surely to goodness, you don’t believe that theory and practice are the same thing do you?)
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