It is interesting that the investment industry has invented new ways to lose money when the old ways seemed to work just… — John G. Stumpf Copy Share Image
Maybe we should teach schoolchildren probability theory and investment risk management. — Andrew Lo Copy Share Image
Standards should not be forced down from above but rather set by the production workers themselves. — Taiichi Ohno Copy Share Image
The most basic problem is that performance appraisals often don't accurately assess performance. — W. Edwards Deming Copy Share Image
No one can measure the loss of business that may arise from a defective item that goes out to a customer. — W. Edwards Deming Copy Share Image
“We live in a blatantly corrupt world and smart people engage in the wise practice of risk management.” — Steven Magee Copy Share Image
“Specialized policies to protect against online attacks are offered by about 50 carriers, including big names like the American International Group, Chubb… — Anonymous Copy Share Image
If you have an approach that makes money, then money management can make the difference between success and failure... ... I try… — Monroe Trout Copy Share Image
Given our inevitably incomplete knowledge about key structural aspects of our ever-changing economy and the sometimes asymmetric costs or benefits of particular… — Alan Greenspan Copy Share Image
Businesses can be opaque. They are complex. You don't know how aircraft engines work either. — Jamie Dimon Copy Share Image
Every noble acquisition is attended with its risks; he who fears to encounter the one must not expect to obtain the other. — Pietro Metastasio Copy Share Image
Indeed, better risk management may be the only truly necessary element of success in banking. — Alan Greenspan Copy Share Image
To be a leader in this new economy, you have to love risk-which means patterning your life on the heroic, not on… — Harriet Rubin Copy Share Image
A foreign policy aimed at the achievement of total security is the one thing I can think of that is entirely capable… — George F. Kennan 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
The mistake...was attributed in part to the fact that employees called the 3-year note 'Losh' and the 5-year note 'Bosh'. The comic… — Frank Partnoy 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
You need to have a lot of human judgment involved in the financial industry in terms of risk management, in terms of… — Adena Friedman Copy Share Image
The manager is a servant. His master is the institution he manages and his first responsibility must therefore be to it. — Peter Drucker Copy Share Image
Risk is a function of how poorly a strategy will perform if the 'wrong' scenario occurs. — Michael Porter Copy Share Image
What went wrong is we had tremendous concentration in the sense we put a lot of our money to work against U.S.… — Vikram Pandit 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
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
