Best Risk Management Quotes

#1. There is no doubt that Formula 1 has the best risk management of any sport and any industry in the world.

Jackie Stewart

#2. I have learned that nothing is certain except for the need to have strong risk management, a lot of cash, the willingness to invest even when the future is unclear, and great people.

Jeffrey R. Immelt

#3. We are very much engaged across the government, very much engaged in streamlining and simplifying our activities with borrowers and lenders, because that saves time and saves costs and we believe we can do that while maintaining the same or increased levels of oversight and risk management.

Karen Mills

#4. The nature of risk may be the single most important argument for the use of quantitative analysis in investment management. Neither Investors nor Analysts can be blamed for this fact. Nor can Harry Markowitz. Nature made risk a quadratic function. Markowitz only discovered it.

William Sharpe

#5. While we cannot accurately predict the course of climate change in the coming decades, the risks we run if we don't change our course are enormous. Prudent risk management does not equate uncertainty with inaction.

Steven Chu

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

Benjamin Graham

#7. There is a simple way of avoiding excess risk-taking by the managers of our financial institutions. It is to make it a crime ... had a crime for reckless management of a financial institution been on the books, Northern Rock and RBS would not have blown up.

Paul Collier

#8. I never use hedge funds because I am well aware of what drives future performance, and hedge funds start out with a great disadvantage in every major category: taxes, fees, risk management, transparency and liquidity.

Peter Mallouk

#9. For individuals and organizations alike, a reputation is far easier to destroy than it is to build.

Andrew Griffin

#10. The wound-tight, travel-light Obama has a distaste for the adversarial and the random. But if you stick too rigidly to a 'No Drama' rule in the White House, you risk keeping reality at bay. Presidencies are always about crisis management.

Maureen Dowd

#11. My career in academic research has not been involved with active management of securities. I've tried to understand risk-and-return relationships; also the pricing of derivative securities.

Myron Scholes

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

Jamie Dimon

#13. Opportunity and risk come in pairs

Bangambiki Habyarimana

#14. Corporate brand, culture, knowledge, and risk management are all boardroom concerns.

Pearl Zhu

#15. Where's the fun in playing with knives if you can't draw a little blood?

Donald Gorman

#16. Love might be a risk, but I'm all about risk-management.

J.A. Huss

#17. We treat employees as a member of the family. If management take the risk of hiring them, we have to take the responsibility for them.

Akio Morita

#18. Risk management seemed to have completed its transformation into pure entertainment. Dudley seemed the epitome of a risk manager who would drown crossing a river that was 12 inches in depth on average.

Satyajit Das

#19. In financial services, if you want to be the best in the industry, you first have to be the best in risk management and credit quality. It's the foundation for every other measure of success. There's almost no room for error.

John G. Stumpf

#20. The law of governance, risk-management, and compliance is the body of rules, regulations, and best practices that, individually and collectively, are intended to ensure that organizations are managed effectively and in such a way as to enhance social welfare.

Geoffrey P. Miller

#21. I think the rise of quantitative econometrics and a highly mathematical approach to risk management was the obverse of a decline in interest in financial history.

Niall Ferguson

#22. 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 mixing of 'Loshes' and 'Boshes' sounded more like a Dr. Seuss children's book than a cutting-edge risk-management operation.

Frank Partnoy

#23. A management decision is irresponsible if it risks disaster this year for the sake of a grandiose future.

Peter Drucker

#24. I should estimate that in my experience most troubles and most possibilities for improvement add up to the proportions something like this: 94% belongs to the system responsibility of management 6% special

W. Edwards Deming

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

Gary Cohn

#26. As population susceptibilities are better understood, we will be in a better position than we are in today to make informed decisions about risk management.

Samuel Wilson

#27. 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

#28. Risk models only have value if they are used effectively in combination with a limit management and control process.

Jawwad Farid

#29. Not taking risks one doesn't understand is often the best form of risk management.

Raghuram G. Rajan

#30. Stock prices relative to company assets are no better at signaling the likelihood of future earnings growth than they were the day the Titanic sank, and risk management is a good deal worse.

Timothy Noah

#31. Standards should not be forced down from above but rather set by the production workers themselves.

Taiichi Ohno

#32. It's better to solve the right problem approximately than to solve the wrong problem exactly.

John Tukey

#33. Reputation is an outcome; but it is also a valuable, strategic asset.

Andrew Griffin

#34. You cannot manage risk, or for that matter, build a risk management capability without first understanding the "business value of risk management.

Pearl Zhu

#35. You live in a grim universe."
"That's risk management for you.

Max Gladstone

#36. If you have an approach that makes money, then money management can make the difference between success and failure ... I try to be conservative in my risk management. I want to make sure I'll be around to play tomorrow. Risk control is essential.

Monroe Trout

#37. The easy way out usually leads back in.

Peter Senge

#38. A theory's assumptions always are and ought to be unrealistic. Further, we should attempt to make them more unrealistic in order to increase a theory's fruitfulness.

Satoshi Kanazawa