The first clandestine gathering of my Secret League of Extraordinary Risk Gentlemen was just conducted, however only Rick Nason was able to make it for lunch. The future of risk management as you know it is subject to change without notice. (And thanks for lunch, Rick.)

What is that expression about no publicity is bad publicity? Giant Tiger, a discount retailer in Canada erred when it marketed Playboy branded underwear (thongs and bras) in its back-to-school flyer. Although the ad was aimed at the back-to-college crowd, some parent complained, Tiger Brand apologized and here we are writing and reading about Giant Tiger. I […]

Toronto has long believed it was the Centre of the Universe. Well, in risk management circles, perhaps now it is. Last week the Department of Finance Canada announced the creation of the Global Risk Institute in Financial Services or GRi. It will be an “independent, not-for-profit entity with a board of directors and an advisory research […]

The Globe and Mail is conducting a survey today asking respondents if they ever cheated on a test. At the time this post was published, only 45% of people said Yes.  (Really!) I find it very hard to believe that the answer isn’t 99%. I am no cheater but it’s pretty likely sometime in grade […]

I reference a post by Beaumont Vance once where he suggests all risk managers should introduce themselves as fortune tellers as cocktail parties. In this recent blog post from Riskview, the author points out: Criticisms of risk managers for not anticipating some emerging future are overdone. When a major unexpected loss happens, everyone missed it. […]

I had a chance to see Myron Scholes speak in Toronto yesterday. Scholes: from Black-and fame. The option guy. That Nobel Prize guy. (A Canadian by the way!) Before I completed my undergrad in Finance, I studied a lot of nerd stuff in high school: physics, organic chemistry, math. In those fields you learn about […]