Risk managers are just as dim

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.

Risk managers do not have any special magic ball. The future is just as dim to us as to everyone else.

Have a read at Risk Managers do not know the Future any Better than Anyone Else.

3 thoughts on “Risk managers are just as dim

    1. On a related point, you would be surprised at the sort of responses calling yourself a fortune teller gets you on on-line dating sites!

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