Wednesday, July 8, 2015

Useful and Accurate

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

Management is not a pure science, nor is risk management.  However we often like to fool ourselves and believe that management is a science.  This leads to a desire to be accurate; accurate in our measurements and accurate in our forecasts.  However would you rather be accurate or useful?  The two are most definitely not the same.

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