by Rick Nason, PhD, CFA
Partner, RSD Solutions Inc.
It is a Friday morning as I write this, and to be blunt I am procrastinating big time. Probably not the best thing to be doing, but … well …, it is what it is.
As part of my productive procrastination I started reading the Wall Street Journal. (At least it looks productive if my daughter happens to walk into my home office.) In reading the Journal I rarely if ever look at the Lifestyle section, but today for some reason – perhaps in a quest to be even more thorough in my procrastination - I clicked to open up that section.
I started reading an article about private jets, and the quest by Thomas Flohr and his daughter to get their private jet business to the next level. In reality I was reading the article because of the extreme lavishness (stupidity) of the arrangements for his daughter’s 18th birthday party. (You need to read the article yourself to understand – here is the link: http://tinyurl.com/78nvu9w)
In any case, I nearly finished the article, and just before closing I noticed the last line. "We really are detail-obsessed," he (Thomas Flohr) says. "But the joy is seeing the big picture."
Back to risk management. Are you detail obsessed, but have joy in seeing the big picture? What a great operating philosophy for a risk manager. Perhaps my time goofing off wasn’t wasted after all.
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