*/By Rick Nason, PhD, CFA
Partner, RSD Solutions Inc./*
*/Follow us on Twitter/* [1]
I just finished reading Chris Hadfield's book "An Astronaut's Guide to
Life On Earth". It was a Christmas present to me from my youngest
daughter, and it is a fantastic read. Chris Hadfield for those of you who
don't know (which would mean the non-Canadian reader's of my blog) is a
Canadian Astronaut who served as Commander of the International Space Station
in 2013. He might be best known for his YouTube video Space Oddity
http://www.youtube.com/watch?v=KaOC9danxNo [2] which has over 20 MM views.
For risk managers there are wonderful lessons from space outlined in this
book that can be adapted to the organization. In fact I am going to make
the book a feature reading for a seminar in my Enterprise Risk Management
class. Read it and see if you do not agree with me. A very engaging book,
but also a very educational book for the risk manager.
[1] https://twitter.com/rsdsolutions
[2] http://www.youtube.com/watch?v=KaOC9danxNo
Friday, January 31, 2014
Thursday, January 30, 2014
Einstein was Wrong
*/By Rick Nason, PhD, CFA
Partner, RSD Solutions Inc./*
*/Follow us on Twitter/* [1]
Einstein is famous for having said that "Insanity is doing the same thing
over and over again and expecting a different result". That quote is only
true when things are complicated. However, most things in business and in
risk are complex. When things are complex, then the opposite is true and
insanity is doing the same thing over and over again and expecting the same
result.
If you are new to complexity, or forgot the difference between a complex
system and a complicated one, check out my article in the RMA a few years
back titled "It's Not Complicated". Here's the link
http://www.rsdsolutions.com/quotit039s-not-complicatedquot-article-rick-nason-rma-journal-march-2011
[2]
Alternatively you may wish to listen to the associated Tedx talk. That link
is here. http://www.youtube.com/watch?v=FQO_wxxinH4 [3]
[1] https://twitter.com/rsdsolutions
[2]
http://www.rsdsolutions.com/quotit039s-not-complicatedquot-article-rick-nason-rma-journal-march-2011
[3] http://www.youtube.com/watch?v=FQO_wxxinH4
Partner, RSD Solutions Inc./*
*/Follow us on Twitter/* [1]
Einstein is famous for having said that "Insanity is doing the same thing
over and over again and expecting a different result". That quote is only
true when things are complicated. However, most things in business and in
risk are complex. When things are complex, then the opposite is true and
insanity is doing the same thing over and over again and expecting the same
result.
If you are new to complexity, or forgot the difference between a complex
system and a complicated one, check out my article in the RMA a few years
back titled "It's Not Complicated". Here's the link
http://www.rsdsolutions.com/quotit039s-not-complicatedquot-article-rick-nason-rma-journal-march-2011
[2]
Alternatively you may wish to listen to the associated Tedx talk. That link
is here. http://www.youtube.com/watch?v=FQO_wxxinH4 [3]
[1] https://twitter.com/rsdsolutions
[2]
http://www.rsdsolutions.com/quotit039s-not-complicatedquot-article-rick-nason-rma-journal-march-2011
[3] http://www.youtube.com/watch?v=FQO_wxxinH4
Wednesday, January 29, 2014
Movie Casting
*/By Rick Nason, PhD, CFA
Partner, RSD Solutions Inc./*
*/Follow us on Twitter/* [1]
If you were a director of a Hollywood movie and you needed to cast a Risk
Manager, what feature characteristics would you look for the actor to
portray? Would creative be on the list? What about inventive?
Exciting? Engaging? Stylish? If not these characteristics, then why
not?
[1] https://twitter.com/rsdsolutions
Partner, RSD Solutions Inc./*
*/Follow us on Twitter/* [1]
If you were a director of a Hollywood movie and you needed to cast a Risk
Manager, what feature characteristics would you look for the actor to
portray? Would creative be on the list? What about inventive?
Exciting? Engaging? Stylish? If not these characteristics, then why
not?
[1] https://twitter.com/rsdsolutions
Tuesday, January 28, 2014
Quora
*/By Rick Nason, PhD, CFA
Partner, RSD Solutions Inc./*
*/Follow us on Twitter/* [1]
I am a world-class procrastinator. I figure if you are going to have a bad
habit then you may as well be good at it. One of my favorite sites to
peruse while avoiding a task (such as writing blogs) is www.Quora.com [2].
Basically it is a site that satisfies the inner nerd in all of us. On the
site people ask all kinds of weird, wonderful and whimsical questions –
mainly science and more specifically physics related. Wonderful way to
enlarge your brain and pass the time with offbeat scientific trivia.
The odd thing about Quora is that although most of the stuff is totally
irrelevant, it does serve a purpose. It creates a forum where people can
interact intellectually and from that comes fantastic ideas and new ways of
thinking.
Now contrast Quora with the various risk based blogs on Linked-in and such.
There the discussion is very serious and everyone tries to be either as
practical or as academic as possible. For the most part the discussions are
brain-dead rehashing of the brain-dead rehashings from the previous month.
There is no whimsy; there is no wonder. There is no asking a silly question
for the sake of asking a silly question. As a result the breakthroughs and
the creative thoughts are missing.
Risk managers need to loosen up and let their inner child run free with the
offbeat questions. The answers and the results might be surprising.
[1] https://twitter.com/rsdsolutions
[2] http://www.Quora.com
Partner, RSD Solutions Inc./*
*/Follow us on Twitter/* [1]
I am a world-class procrastinator. I figure if you are going to have a bad
habit then you may as well be good at it. One of my favorite sites to
peruse while avoiding a task (such as writing blogs) is www.Quora.com [2].
Basically it is a site that satisfies the inner nerd in all of us. On the
site people ask all kinds of weird, wonderful and whimsical questions –
mainly science and more specifically physics related. Wonderful way to
enlarge your brain and pass the time with offbeat scientific trivia.
The odd thing about Quora is that although most of the stuff is totally
irrelevant, it does serve a purpose. It creates a forum where people can
interact intellectually and from that comes fantastic ideas and new ways of
thinking.
Now contrast Quora with the various risk based blogs on Linked-in and such.
There the discussion is very serious and everyone tries to be either as
practical or as academic as possible. For the most part the discussions are
brain-dead rehashing of the brain-dead rehashings from the previous month.
There is no whimsy; there is no wonder. There is no asking a silly question
for the sake of asking a silly question. As a result the breakthroughs and
the creative thoughts are missing.
Risk managers need to loosen up and let their inner child run free with the
offbeat questions. The answers and the results might be surprising.
[1] https://twitter.com/rsdsolutions
[2] http://www.Quora.com
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