Friday, March 13, 2015

Perfection

By Rick Nason, PhD, CFA
Partner, RSD Solutions Inc.
Risk management is not about perfection.  Risk by its very nature is about the uncertain future.  Perfection can only be assessed by examining things retrospectively.  The past is known.  The past has no risk.  Risk managing is not about perfection; it is about trying to improve the uncertain future outcomes.  That task is far from perfection and indeed is very messy.

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