Risk Management Quotes
Successful problem solving requires finding the right solution to the right problem. We fail more often because we solve the wrong problem than because we get the wrong solution to the right problem.
There is no doubt that Formula 1 has the best risk management of any sport and any industry in the world.
If you spend more than 13 minutes analyzing economic and market forecasts, you've wasted 10 minutes
The essence of investment management is the management of risks, not the management of returns.
If you don't invest in risk management, it doesn't matter what business you're in, it's a risky business.
Risk management is a more realistic term than safety. It implies that hazards are ever-present, that they must be identified, analyzed, evaluated and controlled or rationally accepted.
The essence of risk management lies in maximizing the areas where we have some control over the outcome while minimizing the areas where we have absolutely no control over the outcome.
Outperforming the market with low volatility on a consistent basis is an impossibility. I outperformed the market for 30-odd years, but not with low volatility.
Thoughtfully assessing and addressing enterprise risk and placing a high value on corporate transparency can protect the one thing we cannot afford to lose: trust.
The key to risk management is never putting yourself in a position where you cannot live to fight another day.
If we face recession, we should not lay off employees; the company should sacrifice a profit. It's management's risk and management's responsibility. Employees are not guilty; why should they suffer?
Managing risk is very different from managing strategy. Risk management focuses on the negative-threats and failures rather than opportunities and successes.
As population susceptibilities are better understood, we will be in a better position than we are in today to make informed decisions about risk management.
We treat employees as a member of the family. If management take the risk of hiring them, we have to take the responsibility for them.
I have been rich, and I have been broke. Some of it is my fault for choosing bad management and making bad investments. But that is life - we all take risks.
A theory's assumptions always are and ought to be unrealistic. Further, we should attempt to make them more unrealistic in order to increase a theory's fruitfulness.
Indeed, better risk management may be the only truly necessary element of success in banking.
I can assure you, as long as I'm here, as long as my colleagues are here, we do know about risks.
The public totally discounts low-probability high-consequence events. The individual says, it's not going to be this plane, this bus, this time.
Any expert will tell you that if you want emotionally committed relationships then people must be allowed to be true to who they are.
Companies should be the best possible place to practice fulfillment, to live out values and to realize deep connectivity and purpose.
The high quality of a company’s customer experience rarely has anything to do with the high price of their product.
Managers know what they want most: to be allowed to achieve success by leveraging who they are, not by compromising it.
Leaders make a lot of mistakes but they admit those mistakes to themselves and change because of them.
Leaders are people who know exactly who they are. They know exactly where they want to go. They’re hell-bent on getting there.
To integrate one’s experiences around a coherent and enduring sense of self lies at the core of creating a user’s guide to life.
Do you think your people struggle with being true to themselves? Do their values match up with their work?
Hard-core results come from igniting the massive power of emotional commitment. Are your people committed?
Those who dare take risks shall fulfill their passions.
You don't have to believe in coincidences because they happen every day. The trick is to be able to discern when something is more than coincidence.
Green light, STOP - if you want to see where you are taking the most risk, look where you are making the most money.
Work/life balance is not about escaping work. It’s about living exactly the way you want to when you’re at work.
It’s impossible for a company to get what it wants most if managers have to make a choice between their own values and company priorities.
The myth of management is that your personal values are irrelevant or inappropriate at work.
Here’s what you need to know most about leadership: Lead your own life first. The only thing in this world that will dependably happen from the top down is the digging of your grave.
Why live my personal values at work? This is an excellent question to ask. If your attorneys are planning an insanity defense.
Human behavior is only unpredictable and dangerous if you don’t start from humanity in the first place.
When rewards come from an external source instead of an internal source, they’re unreliable, which means they’re dangerous if you grow to depend on them.
The worst thing in your own development as a leader is not to do it wrong. It’s to do it for the wrong reasons.