By Rick Nason,
PhD, CFA
Partner, RSD Solutions Inc.
Partner, RSD Solutions Inc.
In my life I
have been very fortunate to be around many very intelligent people and many
people who are very passionate about their profession. Passion and intelligence are not mutually
exclusive, nor are they substitutes for each other. You can be quite passionate about something,
yet somewhat ignorant of it. Likewise
you can be quite intelligent or knowledgeable about a field yet have little or
no obvious passion for it.
What I have
noticed however is that people who are passionate about something also tend to
be the most effective in it. The same
cannot be said for intelligence or knowledge.
Possessing intelligence or knowledge, while desirable, does not
automatically make one effective.
In my experience this also holds for risk
managers. Those risk managers who are
passionate about risk management tend to be the most effective. Those who are simply the most intelligent or
knowledgeable tend to be quite ineffective (again in my experience). Ironically though, those who are the most
passionate also become the most practically intelligent and the most
practicably knowledgeable. Hmmmm… Maybe it is practical knowledge and practical
intelligence that I should be blogging about.
For now, I’ll stick to passion as the key ingredient.
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