“Regulatory compliance is critical to managing risk.” — Hendrith Vanlon Smith Jr, CEO of Mayflower-Plymouth Copy Share Image
The essence of investment management is the management of risks, not the management of returns. — Benjamin Graham Copy Share Image
Lead yourself, lead your superiors, lead your peers, and free your people to do the same. All else is trivia. — Dee Hock Copy Share Image
My first move as the manager of the machine shop was to introduce standardized work. — Taiichi Ohno Copy Share Image
Two resources, largely untapped in American organizations, are potential information and employee creativity — William Hunter Copy Share Image
If you spend more than 13 minutes analyzing economic and market forecasts, you've wasted 10 minutes — Peter Lynch Copy Share Image
The kinds of errors that cause plane crashes are invariably errors of teamwork and communication. — Malcolm Gladwell Copy Share Image
Risk models only have value if they are used effectively in combination with a limit management and control process. — Jawwad farid Copy Share Image
Thoughtfully assessing and addressing enterprise risk and placing a high value on corporate transparency can protect the one thing we cannot afford… — Dale E. Jones Copy Share Image
A problem never exists in isolation; it is surrounded by other problems in space and time. The more of the context of… — Russell L. Ackoff Copy Share Image
One of the responsibilities faced by the Environmental Genome Project is to provide the science base upon which society can make better… — Samuel Wilson Copy Share Image
You want a valve that doesn't leak and you try everything possible to develop one. But the real world provides you with… — Arthur Rudolph Copy Share Image
Cease dependence on inspection to achieve quality. Eliminate the need for inspection on a mass basis by building quality into the product… — W. Edwards Deming Copy Share Image
At Berkshire, I both initiate and monitor every derivatives contract on our books ... If Berkshire ever gets in trouble, it will… — Warren Buffett Copy Share Image
In financial services, if you want to be the best in the industry, you first have to be the best in risk… — John G. Stumpf Copy Share Image
Quality, productivity, and innovation can be significantly increased if companies provide all employees with practical tools for exploiting potential information — William Hunter Copy Share Image
I agree with a lot of the points in Taleb's book, but I don't agree with many of his conclusions. It seems… — Robert F. Engle Copy Share Image
“The first step is to measure whatever can be easily measured. This is OK as far as it goes. The second step… — Anonymous Copy Share Image
The financial crisis has underscored how insufficient attention to fundamental corporate governance concepts can have devastating effects on an institution and its… — Daniele Nouy Copy Share Image
As I write in 2012 we certainly do not believe that it is over yet, and the worst may be yet to… — Robert J. Shiller Copy Share Image
“A study of project and risk management in software projects in the public sector found that an informal partnership between the project’s… — Anonymous Copy Share Image
We gauge risk literally hundreds of times per day, usually well and often subconsciously. We start assessing risk before the disaster even… — Amanda Ripley Copy Share Image
Risk management systems and controls may discourage or limit certain revenue-generating opportunities. Failure to ensure the independence of these functions from the… — Jerome Powell Copy Share Image
Banks have come to realize in the recent crisis that they are paying the price for having designed compensation packages which provide… — Mervyn King Copy Share Image
Standards should not be forced down from above but rather set by the production workers themselves. — Taiichi Ohno Copy Share Image
There is no doubt that Formula 1 has the best risk management of any sport and any industry in the world. — Jackie Stewart Copy Share Image
This awful catastrophe is not the end but the beginning. History does not end so. It is the way its chapters open. — Saint Augustine Copy Share Image
“Accidents are no longer accidents at all. They are failures of risk management.” — Sidney Dekker Copy Share Image
By definition, risk-takers often fail. So do morons. In practice it's difficult to sort them out. — Scott Adams Copy Share Image
There are three ways to get better figures... Improve the system... Distort the system... Distort the figures — Brian L. Joiner Copy Share Image
Risk is a function of how poorly a strategy will perform if the 'wrong' scenario occurs. — Michael Porter Copy Share Image
Very few things are as dangerous as a bunch of incentive-driven individuals trying to play it safe. — Alfie Kohn Copy Share Image
“Not taking risks one doesn't understand is often the best form of risk management.” — Raghuram G. Rajan Copy Share Image
The key to risk management is never putting yourself in a position where you cannot live to fight another day. — Richard S. Fuld, Jr Copy Share Image
“Being able to be repeated controllably is one key element in risk management.” — Toba Beta Copy Share Image
