by Rick Nason, PhD, CFA
Partner, RSD Solutions Inc.
While watching the Olympics, have you ever looked at the physiques of the coaches? Many of them are old, pot-bellied and out of shape. No one doubts their expertise, but not for a minute does someone thing that they would be able to perform the feats of the competitors.
I point this out to highlight the fact that knowing, and being able to do are often two very different things. Knowing a lot about risk management is not the same as doing risk management. Banker’s Trust knew how to do risk management, but they could not, would not, or did not do risk management.
Olympic coaches are great assets. Not so great doers.
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