by Rick Nason, PhD, CFA
Partner, RSD Solutions Inc.
I just finished Roger Ebert’s autobiography “Life Itself: A Memoir”. It has absolutely nothing to do with risk management – or at least not the type of risk management that we discuss in this blog on a regular basis. That by itself is a great reason to read it – explore new ideas and new areas of thought.
Despite it being a book about the life of a movie critic, the book closes with some interesting thoughts on life. One in particular I thought was interesting and definitely applied to risk management. In his conclusion to his memoir as he starts talking about the meaning of life, Roger comes up with this gem; “I am more content with questions than answers.”
Sometimes as risk managers we focus way too much on the answers and are not content enough with getting some of the questions right. Perhaps the profession would be better off with more contentment with good questions, and less disappointment at not being able to find those sometimes non-existent answers.
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