By Rick Nason, PhD, CFA
Partner, RSD Solutions Inc.
Partner, RSD Solutions Inc.
One of my favorite pastimes is reading old books and old magazine
articles – particularly those related to business. You may think this is foolish, and perhaps it
is. After all, with the rapid pace of
change, things and trends in thinking seem to go out of style ever more quickly
with our knowledge based economy.
However, if you take a moment to examine some of the classic risk
literature, you might just find that the more things change, the more they stay
the same.
Sometimes we are
so busy trying to adapt or even discover the newest innovation that we miss the
wise lessons of the past and never get around to learning the basic foundations
on which good risk management practice is built.
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