Difference between revisions of "Risk Management One-Liners"
From Open Risk Manual
Wiki admin (talk | contribs) |
Wiki admin (talk | contribs) |
||
Line 3: | Line 3: | ||
<html> | <html> | ||
<ul> | <ul> | ||
+ | <li>You cannot manage what you cannot measure</li> | ||
<li>Fix the roof while the sun is shining</li> | <li>Fix the roof while the sun is shining</li> | ||
<li>Trust but verify</li> | <li>Trust but verify</li> |
Revision as of 13:11, 22 March 2021
Collection of Risk Management One-Liners
- You cannot manage what you cannot measure
- Fix the roof while the sun is shining
- Trust but verify
- Follow the money
- If it's too good to be true, it usually is
- There is never only one cockroach
- Put all your eggs, in one basket and watch it closely
- Lies, damned lies, and statistics
- When the tide goes out you find who's been swimming naked
- There is a sucker born every minute
- The problem with experts is that they do not know what they do not know
- If you do not know who the patsy is - you are the patsy
- All models are wrong, but some are useful
- Prediction is very difficult, especially about the future
- That will never happen, because I have never seen it occur in my lifetime (h\t @scottnorth1)
- God is in the details. The Devil is in the details too
- Fear the Greeks, even when they bring gifts
- Don't fall in love with your risk models
- The biggest risk is not taking one
- Any fool can make a complex model, simplicity the key to brilliance
- It is the Leverage, stupid
- Asking the question is the hardest step
- Hope is not a hedge (h\t @RogierSwiestra)
- Never Waste a Good Crisis (h\t @KoenDenBlanken