Wednesday, August 19, 2015

Risk managers

Matthew Squair tells us this:
Risk managers are the historians of futures that never were
Wish that it were true, but: Not exactly!

"Futures that never were" never were only if the RM was successful at mitigation, or--on some probability--basis the future never got here. Otherwise, our historians are the prognosticators of futures that actually were--they put it on the risk register and it actually happened!

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