Risk management Quotes · Page 2

If you don't know the Jewelry, know the Jeweller

— Warren Buffett

I have a right to be blind sometimes.

— Horatio Nelson

Risk is just an expensive substitute for information.

— Adrian Slywotzky

To copy is to invite disaster.

— W. Edwards Deming

“Being able to be repeated controllably is one key element in risk management.”

— Toba Beta

Indeed, better risk management may be the only truly necessary element of success in banking.

— Alan Greenspan

It was obvious that their profits were simply cash borrowed from destiny with some random payback time.

— Nassim Nicholas Taleb

I can assure you, as long as I'm here, as long as my colleagues are here, we do know about risks.

— Oswald Grubel

“every entrepreneur must master the art of risk management, the truth of why a few are successful stands here”

— Anath Lee Wales

“We live in a blatantly corrupt world and smart people engage in the wise practice of risk management.”

— Steven Magee

One thing that makes it possible to be an optimist is if you have a contingency plan for when all hell breaks…

— Randy Pausch

If you don't invest in risk management, it doesn't matter what business you're in, it's a risky business.

— Gary Cohn

Alignment of business strategy and risk appetite should minimize the firm's exposure to large and unexpected losses. In addition, the firm's risk…

— Jerome Powell

Stock prices relative to company assets are no better at signaling the likelihood of future earnings growth than they were the day…

— Timothy Noah

Managers don't like giving appraisals, and employees don't like getting them. Perhaps they're not liked because both parties suspect what the evidence…

— W. Edwards Deming

“Risk management seemed to have completed its transformation into pure entertainment. Dudley seemed the epitome of a risk manager who would drown…

— Satyajit Das

“After years of serving as an IT auditor and consultant, I have extrapolated that many of the largest organizational formations needed effective…

— Robert E. Davis

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

A theory's assumptions always are and ought to be unrealistic. Further, we should attempt to make them more unrealistic in order to…

— Satoshi Kanazawa

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

There is a simple way of avoiding excess risk-taking by the managers of our financial institutions. It is to make it a…

— Paul Collier

Most of the time, your risk management works. With a systemic event such as the recent shocks following the collapse of Lehman…

— Myron Scholes

Projects are usually undertaken to either solve a problem or take advantage of an opportunity. The probability that the project - even…

— Bruce Pittman

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

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

I don't see what the alternative to risk management is. If it's just getting rid of the models and instead using the…

— Robert F. Engle

If you have an approach that makes money, then money management can make the difference between success and failure... ... I try…

— Monroe Trout

Among the illusions which have invested our civilization is an absolute belief that the solutions to our problems must be a more…

— Voltaire

My client loved risk. Risk, I had learned, was a commodity in itself. Risk could be canned and sold like tomatoes.

— Michael Lewis

Businesses can be opaque. They are complex. You don't know how aircraft engines work either.

— Jamie Dimon

When you see data, doubt [them]! When you see measurements, doubt them!

— Kaoru Ishikawa

If you spend more than 13 minutes analyzing economic and market forecasts, you've wasted 10 minutes

— Peter Lynch

Two resources, largely untapped in American organizations, are potential information and employee creativity

— William Hunter

The kinds of errors that cause plane crashes are invariably errors of teamwork and communication.

— Malcolm Gladwell

“You live in a grim universe.” “That’s risk management for you.”

— Max Gladstone

The essence of investment management is the management of risks, not the management of returns.

— Benjamin Graham

My first move as the manager of the machine shop was to introduce standardized work.

— Taiichi Ohno

Lead yourself, lead your superiors, lead your peers, and free your people to do the same. All else is trivia.

— Dee Hock

No one can measure the loss of business that may arise from a defective item that goes out to a customer.

— W. Edwards Deming

Maybe we should teach schoolchildren probability theory and investment risk management.

— Andrew Lo