Managers are not confronted with problems that are independent of each other, but with dynamic situations that consist of complex systems of… — Russell L. Ackoff 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
It is far better to do the right thing wrong than to do the wrong thing right. — Russell L. Ackoff Copy Share Image
If I had better foresight, maybe I could have improved things a little bit. But frankly, if I had perfect foresight, I… — Richard F. Syron Copy Share Image
Management must provide employees with tools that will enable them to do their jobs better, and with encouragement to use these tools.… — George E. P. Box Copy Share Image
I should estimate that in my experience most troubles and most possibilities for improvement add up to the proportions something like this:… — W. Edwards Deming Copy Share Image
For risk management reasons, we need to make sure we hit our inflation objective at the same time we're at full employment. — Charles L. Evans Copy Share Image
The four most dangerous words in finance are 'this time is different.' Thanks to this masterpiece by Carmen Reinhart at the University… — Martin Wolf 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
“Of course,” he says, “we have no idea, now, of who or what the inhabitants of our future might be. In that… — William Gibson Copy Share Image
While we cannot accurately predict the course of climate change in the coming decades, the risks we run if we don't change… — Steven Chu Copy Share Image
What we learn from history is that people don't learn from history. — Warren Buffett Copy Share Image
“Never take both hands off the pump. As an entrepreneur, you need to be on constant lookout for opportunity, and that will… — Kenneth E. Behring Copy Share Image
It's better to solve the right problem approximately than to solve the wrong problem exactly. — John Tukey 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
We are very much engaged across the government, very much engaged in streamlining and simplifying our activities with borrowers and lenders, because… — Karen Mills Copy Share Image
The public totally discounts low-probability high-consequence events. The individual says, it's not going to be this plane, this bus, this time. — Amanda Ripley Copy Share Image
A company will get nowhere if all of the thinking is left to management. — Akio Morita 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
Outperforming the market with low volatility on a consistent basis is an impossibility. I outperformed the market for 30-odd years, but not… — George Soros Copy Share Image
Managers have traditionally developed the skills in finance, planning, marketing and production techniques. Too often the relations with their people have been… — William Redington Hewlett Copy Share Image
To be effective, every knowledge worker, and especially every executive, therefore needs to dispose of time in fairly large chunks. To have… — Peter Drucker Copy Share Image
The technical explanation is that the market-sensitive risk models used by thousands of market participants work on the assumption that each user… — Avinash Persaud 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
