*/By Rick Nason, PhD, CFA
Partner, RSD Solutions Inc./*
Einstein once said "elegance is for tailors". His comment was in
relation to the love of elegant mathematics in the physical sciences. In
essence he was saying that simply because something was elegant, it did not
necessarily make it correct.
Should we heed his words in risk management? Should politicians and
regulators heed his words? Would we all be better off sometimes if we
simply realized that risk management can be messy and inelegant?
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