Friday, March 6, 2015
Turbulence
Supposedly, the great physicist Enrico Fermi was
once asked what question he would ask first when he died and met his
maker. His response was “what is the
cause of turbulence”? Of course Fermi
was talking about turbulence in physical systems such as air flow or water flow
– systems where turbulence remains a mystery.
However what causes turbulence is also a question that many a risk
manager would also like to know the answer to.
Despite the fact that turbulence is a fact of life for the risk manager,
it is almost certain that the answer to the question will indeed only come with
the meeting of one’s maker.
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