by Rick Nason, PhD, CFA
Partner, RSD Solutions Inc.
We all grew up getting wisdom passed down from our great-grandmother (or great aunt, etc.) Timeless quips such as “An apple a day keeps the doctor away.” As kids, and young adults we often shrugged off these bromides as old-fashioned and quaintly simplistic. As more mature adults however we likely began to see that there was some value in these simplistic directives that often proved to be more useful than our more modern and sophisticated methods of doing things. Thus I ask, would your great-grandmother, with her simplistic and folksy wisdom, be a better risk manager than you are with all of your degrees and sophistication?
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