Top 94 Quotes About Risk Management
#1. Metaphorically, governance is like a "Steer," Risk Management is like a "Brake.
Pearl Zhu
#2. Maybe we should teach schoolchildren probability theory and investment risk management.
Andrew Lo
#3. Indeed, better risk management may be the only truly necessary element of success in banking.
Alan Greenspan
#4. 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
#5. Boundaries and risk management are very important parts of living a healthy and positive life.
Bryant McGill
#6. Risk managers and investment bankers and actually, all kinds of investors took on more risk than they expected. So there was a failure of risk management. There was a failure to recognize how much risk there was in some of these securities that people bought.
Robert F. Engle
#7. The purpose of risk management is to improve the future, not to explain the past.
Andrew Jaquith
#8. Being able to be repeated controllably
is one key element in risk management.
Toba Beta
#9. Risk management is a more realistic term than safety. It implies that hazards are ever-present, that they must be identified, analyzed, evaluated and controlled or rationally accepted.
Jerome F. Lederer
#10. The essence of risk management lies in maximizing the areas where we have some control over the outcome while minimizing the areas where we have absolutely no control over the outcome.
Peter L. Bernstein
#11. If you don't invest in risk management, it doesn't matter what business you're in, it's a risky business.
Gary Cohn
#12. The question of whether or to what extent human activities are causing global warming is not a matter of ideology, let alone of belief. The issue is simply one of risk management.
Malcolm Turnbull
#13. 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
#14. Stronger regulation and supervision aimed at problems with underwriting practices and lenders' risk management would have been a more effective and surgical approach to constraining the housing bubble than a general increase in interest rates.
Ben Bernanke
#15. From my perspective, it's really risk management to ensure that humans have the ability to go somewhere else in case there were to be some huge disaster on Earth.
Gwynne Shotwell
#16. relationships between debtors and creditors brokered or 'intermediated' by increasingly numerous institutions called banks. The core function of these institutions was now information gathering and risk management.
Niall Ferguson
#17. One of the responsibilities faced by the Environmental Genome Project is to provide the science base upon which society can make better informed risk management decisions.
Samuel Wilson
#18. Managing risk is very different from managing strategy. Risk management focuses on the negative-threats and failures rather than opportunities and successes.
Robert S. Kaplan
#19. Risk management is the most important thing to be well understood. Undertrade, undertrade, undertrade is my second piece of advice. Whatever you think your position ought to be, cut it at least in half.
Bruce Kovner
#20. 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
#21. Many at the State Department think its their job, not the Army's, to develop cultural and regional expertise and relationships. In such quarters, the RAF concept looks less like an innovative approach to global risk management than yet another military effort to replace diplomats with soldiers.
Rosa Brooks
#22. Genuinely intelligence-led operations have to be embedded into both processes and more importantly mindsets to bridge the gaps in Risk Management.
Pearl Zhu
#23. 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
#24. Not taking risks one doesn't understand is often the best form of risk management.
Raghuram G. Rajan
#25. 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
#26. You cannot manage risk, or for that matter, build a risk management capability without first understanding the "business value of risk management.
Pearl Zhu
#27. You live in a grim universe."
"That's risk management for you.
Max Gladstone
#28. 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
#29. 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
#30. 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
#31. 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
#32. 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
#33. 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
#34. Corporate brand, culture, knowledge, and risk management are all boardroom concerns.
Pearl Zhu
#35. Love might be a risk, but I'm all about risk-management.
J.A. Huss
#36. 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
#37. The key to risk management is never putting yourself in a position where you cannot live to fight another day.
Richard S. Fuld Jr.
#38. We live in a blatantly corrupt world and smart people engage in the wise practice of risk management.
Steven Magee
#39. There is no doubt that Formula 1 has the best risk management of any sport and any industry in the world.
Jackie Stewart
#40. People who don't take risks generally make about two big mistakes a year. People who do take risks generally make about two big mistakes a year.
Peter F. Drucker
#41. Risk is a function of how poorly a strategy will perform if the 'wrong' scenario occurs.
Michael Porter
#42. The smart strategist allows strategy to be shaped by events. Good reactions can make great strategy. Strategy involves competition of goals, and the risk is the difference between those goals and the ability of the organization to achieve them. So part of the risk is created by the strategy.
Max McKeown
#43. The newly-minted captain is told to let nothing stop him but to do nothing that would risk his ship or his crew.
Patrick O'Brian
#44. The most basic problem is that performance appraisals often don't accurately assess performance.
W. Edwards Deming
#46. You don't have to believe in coincidences because they happen every day. The trick is to be able to discern when something is more than coincidence.
Glenn Jones
#47. Real investment risk is measured not by the percent that a stock may decline in price in relation to the general market in a given period, but by the danger of a loss of quality and earnings power through economic changes or deterioration in management.
Benjamin Graham
#48. Green light, STOP - if you want to see where you are taking the most risk, look where you are making the most money.
Paul Gibbons
#49. All of life is the management of risk, not its elimination.
Walter Wriston
#50. Management is a curious phenomenon. It is generously paid, enormously influential, and significantly devoid of common sense
Henry Mintzberg
#51. Thoughtfully assessing and addressing enterprise risk and placing a high value on corporate transparency can protect the one thing we cannot afford to lose: trust.
Dale E. Jones
#52. To competently perform rectifying security service, two critical incident response elements are necessary: information and organization.
Robert E. Davis
#53. Sense and deal with problems in their smallest state, before they grow bigger and become fatal.
Pearl Zhu
#55. If you start buying your own bullshit, you risk becoming management material.
Josh Kilmer-Purcell
#57. Successful problem solving requires finding the right solution to the right problem. We fail more often because we solve the wrong problem than because we get the wrong solution to the right problem.
Russell L. Ackoff
#58. It is far better to do the right thing wrong than to do the wrong thing right.
Russell L. Ackoff
#59. THE ONLY WAY TO MAKE PROGRESS IN BUSINESS IS THROUGH CHANGE. AND CHANGE, BY DEFINITION, HAS A CERTAIN AMOUNT OF RISK ATTACHED TO IT. BUT IF YOU PICK YOUR SHOTS, USE YOUR HEAD, AND APPLY GOOD MANAGEMENT, THOSE ROLLS OF THE DICE CAN TURN OUT PRETTY
Phil Rosenzweig
#60. The technical explanation is that the market-sensitive risk models used by thousands of market participants work on the assumption that each user is the only person using them.
Avinash Persaud
#61. I can assure you, as long as I'm here, as long as my colleagues are here, we do know about risks.
Oswald Grubel
#63. This legislation provides Medicaid eligibility to evacuees and residents in (Federal Emergency Management Agency) designated disaster counties, .. It also helps pay private health insurance premiums for those at risk for losing their coverage.
Thad Cochran
#64. We are pioneers and the history of pioneers is not that good.
Jeff Bezos
#65. I'll keep reducing my trading size as long as I'm losing My money management techniques are extremely conservative. I never risk anything approaching the total amount of money in my account, let alone my total funds.
Randy McKay
#66. If you only take small risks, you are only entitled to a small life.
Robin Sharma
#67. For individuals and organizations alike, a reputation is far easier to destroy than it is to build.
Andrew Griffin
#68. A management decision is irresponsible if it risks disaster this year for the sake of a grandiose future.
Peter Drucker
#69. 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
#70. 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
#71. Risk models only have value if they are used effectively in combination with a limit management and control process.
Jawwad Farid
#72. Standards should not be forced down from above but rather set by the production workers themselves.
Taiichi Ohno
#73. It's better to solve the right problem approximately than to solve the wrong problem exactly.
John Tukey
#74. Reputation is an outcome; but it is also a valuable, strategic asset.
Andrew Griffin
#75. The easy way out usually leads back in.
Peter Senge
#76. 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
#77. 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
#78. 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
#79. The essence of investment management is the management of risks, not the management of returns.
Benjamin Graham
#80. 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
#82. 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
#83. Businesses can be opaque. They are complex. You don't know how aircraft engines work either.
Jamie Dimon
#85. Where's the fun in playing with knives if you can't draw a little blood?
Donald Gorman
#86. 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
#87. Never take both hands off the pump. As an entrepreneur, you need to be on constant lookout for opportunity, and that will involve risk. But you minimize those risks by keeping one hand on the pump that is producing for you.
Kenneth E. Behring
#88. I'd decided to take the risk, and either I'd succeed or else.
Yanni
#89. Outperforming the market with low volatility on a consistent basis is an impossibility. I outperformed the market for 30-odd years, but not with low volatility.
George Soros
#90. We have minds that are equipped for certainty, linearity and short-term decisions, that must instead make long-term decisions in a non-linear, probabilistic world.
Paul Gibbons
#91. If you spend more than 13 minutes analyzing economic and market forecasts, you've wasted 10 minutes
Peter Lynch
#92. Business people need to understand the psychology of risk more than the mathematics of risk.
Paul Gibbons
#93. High leverage is unsafe, not just for a company but the entire economy ... LBOs are reducing the safety. Management loses the power to do many things. It has no margin for error and less margin for additional risk.
Franco Modigliani
#94. If we face recession, we should not lay off employees; the company should sacrifice a profit. It's management's risk and management's responsibility. Employees are not guilty; why should they suffer?
Akio Morita
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