by Rick Nason, PhD, CFA
Partner, RSD Solutions Inc.
Matthew Chapter 25 in the New Testament of the Bible contains the well known story of the master who went on an extended trip leaving three different servants in charge of three different sums of money.
To one servant the master left a large sum of money and the servant managed to double the amount through prudent investment by the time the master returned from his trip.
The second servant who was given a medium amount of money was also able to double the amount for his master through making wise investments.
The third servant was given a small sum of money to manage. This servant was afraid of losing any money for his master, so he went and buried the money in a safe place until the master returned. Upon return the master was furious with this servant for his misguided uber-conservatism.
While I do not believe that Jesus had risk managers in mind when he told this story, but he might have. The question is what kind of a servant are you? Another good question to ask is what kind of a risk master do you serve?
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