There’s an old joke about two campers that are awakened by a hungry bear. The first guy yells ‘run’ but the second guy stops to put on his running shoes on first. The first guy asks if his companion really thinks that the shoes will help him out run the bear. To which the second guy replies, ‘no, I just have to out run you”.
Sometimes risk management is the same way. You don’t have to have the best risk management system, just one better relative to the next guy.
Obviously he was not running against a Kenyan!! They run better bearfoot 🙂
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Too true! I wonder though how risk, related to objectives rather than the competition is factored in here?