by Rick Nason, PhD, CFA
Partner, RSD Solutions Inc.
Writing a blog is something that I generally enjoy. The whole point of a blog being an idea that is put forward in an informal and top of head manner is fun to write, and fun to think about.
Blogs are a lot more fun to write than a formal article. In an article the argument is more formal, and as a result it can be come much less fun to think about and to write. The focus in an article is on exactness, and that takes away from the flexibility, creativity and “in the momentness” of a blog.
I also enjoy reading the blogs of others. Getting a quick snippet of what they are thinking about at the moment is a great way to learn and a great way to stimulate and generate ideas of your own.
It is too bad that risk management has become such a formal process at many companies. I believe it takes away the creativity and the flexibility of mind that you see in blogs. Yes – a more formal article is likely to have a better thought out argument than a blog. Likewise a formal risk process is likely to be more coherent and logistically consistent. However, just as a formal argument is not necessarily a better read than a blog, I am not sure that a formal risk process is always better than a creative “in the moment” risk process.
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