White swan vs black swan

I received a nice email from John Fraser the other day, thanking me spreading the good word about ERM through this website. For those of you who are unfamiliar with Mr. Fraser, he co-wrote what I consider to be the best 14 pages ever written about ERM: The Rise and Evolution of the Chief Risk Officer: Enterprise Risk Management at Hydro One. (And there are diagrams and big fonts so it’s actually less than 14 pages.)

Mr. Fraser also recently wrote a book with Betty Simkins, Enterprise Risk Management: Today’s Leading Research and Best Practices for Tomorrow’s Executives. I have not read it yet, but hope to read it as soon as I find out what happens to Lisbeth Salander.

It’s also worth pointing out that when one brings up the Fraser/Simkins book on Amazon.ca, it notes that Customers who Bought this Book Also Bought The Black Swan by Taleb. Please don’t read that one. One Amazon reviewer crystallized my thoughts on the Black Swan as follows: “This book is about 300 pages too long. Read the first 5 pages, and skip the rest. (Taleb) has a very high opinion of himself.”

So in conclusion: Fraser: Yes. Taleb. No.

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