By Rick Nason, PhD, CFA
Partner, RSD Solutions Inc.
Partner, RSD Solutions Inc.
Concept cars
and haute couture are fun to look at.
Car nuts and fashion mavens flock to the auto shows and the fashion week
events looking to see the latest and greatest in design and ideas.
To those who
are not aficionados, many of the concept cars and designer fashions seem like
elements more in place in a science fiction movie about aliens on another
planet. The question asked is who would
drive such a car, or wear such an outfit!
The point of
concept cars and haute couture is not necessarily to have it used, but to
present a package of ideas and have them examined and debated. Something does not necessarily have to be
immediately practical for it to serve a valuable use as a discussion piece
about what the practical limitations actually are. That is the point that is missed by those who
think concept cars and haute couture are silly exercises of wasted time, energy
and creativity.
The problem I have with risk is that we do not
have the equivalent of car shows or fashion shows. Yes, there are new ideas constantly being
developed for risk, but they are all slight improvements on existing ideas and
methods. The emphasis is on the
immediately practical rather than testing the limitations of what might
work. There are few forums for the
promotion of Concept Risk. That also
means there are few forms for debating the practical limitations of risk
ideas. This is not ideal. Perhaps we need a Chicago Risk Week.
1 comment:
I concur that the world needs more 'green space' encouraging creativity, exploration, idea generation and engineering across almost all platforms. However, I fail to see the value here. As the financial world smothers in the wet blanket of increased regulation, additional governmental oversight, capital control, etc, etc do we really want more people sitting around creating abstract thought on what else could hypothetically go wrong. Sounds like a lot of unnecessary brain damage...
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