Difference between revisions of "Risk Management One-Liners"
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Collection of Risk Management One-Liners
- 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