Risk Management One-Liners

From Open Risk Manual
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Collection of Risk Management One-Liners

  • Proactive Risk Management | Fix the roof while the sun is shining
  • Trust but verify
  • Follow the money
  • It is the leverage, stupid
  • When the tide goes out you find who's been swimming naked
  • There is a sucker born every minute
  • If you do not know who the patsy is - you are the patsy
  • Asking the question is the hardest step
  • There is never only one cockroach
  • Lies, damned lies, and statistics
  • 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
  • If it's too good to be true, it usually is
  • Fear the Greeks, even when they bring gifts
  • All models are wrong, but some are useful
  • Don't fall in love with your risk models
  • The problem with experts is that they do not know what they do not know
  • The biggest risk is not taking one
  • Any fool can make a complex model, simplicity the key to brilliance
  • Hope is not a hedge (h\t @RogierSwiestra)

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