How to be a Complete and Utter Failure as a Risk Manager

*/By Rick Nason, PhD, CFA
Partner, RSD Solutions Inc./*

*/Follow us on Twitter/* [1]

Want to know how to be a complete and utter failure as a risk manager? 
Here's a start:

1) Trust all numbers unconditionally and take them all at face value
2) Ignore wisdom, experience and critical thinking
3) Never ask questions
4) Don't bother to build a team of experts.  Become an expert in each
area yourself
5) Ignore small probability events
6) Financial markets are irrelevant and / or frequently wrong and thus you
do not need to watch them
7) Realize that history is irrelevant.  Likewise, realize that all history
is totally relevant.

(With apologies to Steve McDermott. 
http://www.amazon.com/Complete-Utter-Failure-Life-Everything-ebook/dp/B004MMEIZK/ref=sr_1_1?ie=UTF8&qid=1391716427&sr=8-1&keywords=how+to+be+a+complete+and+utter+failure+in+life
[2]  )


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[2]
http://www.amazon.com/Complete-Utter-Failure-Life-Everything-ebook/dp/B004MMEIZK/ref=sr_1_1?ie=UTF8&qid=1391716427&sr=8-1&keywords=how+to+be+a+complete+and+utter+failure+in+life

Retirement

*/By Rick Nason, PhD, CFA
Partner, RSD Solutions Inc./*

*/Follow us on Twitter/* [1]

A relatively recent article in The Guardian / The Observer (January 12,
2014), discussed the organization Edge.org, or also known as the Reality
Club.  Each year it provides a forum for leading thinkers to respond to a
given question.  The question for this year was "What Scientific Idea is
Ready for Retirement?"

What a great question.  It is also a great question for risk management. 
Although the field of risk management as a discipline is still relatively
young (actually an infant depending on how far back you want to trace the
roots of it) there are several ideas I can think of that might be ready for
Shady Acres Retirement Home!

I would like to hear your ideas to this.


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