Risk Management One-Liners

Collection of Risk Management One-Liners

When a measure becomes a target, it ceases to be a good measure (Goodhart’s Law)
Skin in the Game
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
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 is the key to brilliance
It is the leverage, stupid
Asking the question is the hardest step
Hope is not a hedge
Never Waste a Good Crisis