Risk Management Koans
From Open Risk Manual
Contents
Collection of Risk Management Koans
Koan 1
- Student: Master, what is the risk of the situation
- Master: Who is asking?
Koan 2
- Student: Master, how do you manage risk?
- Master: I don't take any risk
Koan 3
- Student: Master, is there an upside to risk?
- Master: Two hands make a clapping sound. What is the sound of a single hand?
Koan 4
- Student: Master, what is liquidity?
- Master: The free flow of information
Koan 5
- Student: Master, why are children not keen on becoming risk managers
- Master: Do they teach risk management at schools?
Koan 6
- Student: Master, is risk-return a valid calculus?
- Master: The return of risk is the end of the return on risk
Koan 7
- Student: Master, how many risk managers does it take to replace a bulb safely?
- Master: Six: One to identify the risk, one to quantify the risk, one to validate the quantification, one to audit the validation of the quantification, one to regulate all the previous and one to change the bulb ignoring all the previous
Koan 8
- Student: Master, Is risk management black and white?
- Master: White is all colors and black is no color
Koan 9
- Student: Master, is risk management all about saying no?
- Master: No
