I am always amazed that despite the enormous square footage of our planet and the tiny amount of poop produced by a bird that it is possible for my car to get hit. But it occurs despite how unlikely it would otherwise appear. Shit happens. We know this because history tells us it [...]
Archive for the ‘Risk management’ Category
You say risk management and I say shit management
Posted in Humour, Risk management, tagged impact, likelihood, risk management, risk treatment on May 3, 2012 | 1 Comment »
Under the Dome risk management
Posted in Books, Frameworks, My Opinions, Risk management, tagged cash, emergency, Emergency Preparedness Week, risk management, Stephen King, Under the Dome on May 2, 2012 | 2 Comments »
In Stephen King’s novel, Under the Dome, a small town in Maine becomes suddenly cut off from the outside world by “an invisible barrier of unknown origin”. If that sounds a bit too much like the Simpsons Movie or science fiction for you, simply replace the dome with any other sort of hazard (earthquake, [...]
The Walking Dead and risk management
Posted in Books, ERM Basics, Humour, Risk management, tagged ERM, impact, likelihood, television, walking dead, zombie on March 20, 2012 | 4 Comments »
If there are two things you have noticed about this blog, I often write about zombies and the Moment of Risk Enlightenment. Today’s post combines both. (Note: This post contains spoilers about season two of the Walking Dead.) I was catching up on season two of the “post-apocalyptic” television show The Walking Dead this week. [...]
The Night’s Watch and the Wall of risk management
Posted in Books, leadership, My Opinions, Risk management, tagged A Game of Thrones, audit, CRO, Night's Watch, risk management, Wall, Westeros on January 20, 2012 | Leave a Comment »
In the series A Song of Ice and Fire which begins with the book A Game of Thrones, by George RR Martin, we are introduced to the Wall and the Night’s Watch. The Wall is an immense fortification on the northern border of the Seven Kingdoms that defends the realm from “what lies North [...]
The black swans and Field of Dreams
Posted in ERM Basics, Frameworks, Risk management, Sports, tagged baseball, Black Swan, Field of Dreams, hockey, PwC ERM, tail risk, Taleb on January 19, 2012 | Leave a Comment »
Yesterday I wrote about a white paper “Black Swans Turn Grey” from PwC. Here’s a footnote to that post. I had a good chuckle when I read about these “new black swan risks”. The authors suggest that all these unknown unknowns and unpredictable events are happening more frequently these days. This of course is [...]
How to Make a Peanut Butter Sandwich: Donald van Deventer
Posted in Humour, PBJ Sandwich, Risk management, tagged Don van Deventer, Hawaii, how to make a peanut butter sandwich, Japan on January 18, 2012 | 1 Comment »
A website dedicated to the popular show Lost published a post a while back about how each of the characters on the show would make a peanut butter and jam sandwich. I have borrowed this idea to illustrate how some finance or risk management professionals might make their own sandwich. In my first PBJ post, we looked [...]
The iPhone 4S of enterprise risk management
Posted in Frameworks, My Opinions, Risk management, Thought Leadership, tagged audit, Black Swan, change management, ERM, iPhone, leadership, PwC ERM, risk management, Taleb on January 18, 2012 | 1 Comment »
Last year Apple released the iPhone 4S and critics pointed out it was pretty much the iPhone 4 with a big-s glued on. Although there were some minor improvements from the iPhone 4, overall it was pretty much the same phone. After reading the ERM white paper “Black Swans Turn Grey” from PwC, it [...]
Angry Birds risk management
Posted in Humour, My Opinions, Risk management, tagged Android, angry birds, prioritize, risk, risk management, risk treatment, Strategy, tactics on January 4, 2012 | Leave a Comment »
I’ve been playing quite a bit of Angry Birds ever since I got my Samsung Galaxy Tab for my birthday. I love this game. The objective of course is for birds (each with their unique strengths) to destroy the structures – where all the pigs who have stolen the birds’ eggs – are hiding. When [...]
Felix Kloman, the Rocket and risk management
Posted in Books, League of Extraordinary Risk Gentlemen, Risk management, Thought Leadership, tagged ERM, Felix Kloman, hockey on November 22, 2011 | 1 Comment »
I received an email from Felix Kloman last Friday. If you do not know about Mr. Kloman’s work, then I strongly suggest that you click on the Felix Kloman (Legend) link in my Blogroll to find his Risk Management Reports or look for his books The Fantods of Risk and Mumpsimus Revisited: Essays on [...]
Gladwell, crashing planes and risk management
Posted in Books, ERM Basics, My Opinions, Office and culture, Risk management, tagged airlines, airplane, CRO, culture, Gladwell, risk culture, risk manager, risk officer on November 10, 2011 | Leave a Comment »
In his book “Outliers”, author Malcolm Gladwell explains how “The kinds of errors that cause plane crashes are invariably errors of teamwork and communication” as opposed to mechanical causes. Also, they usually happen after a sequence of mistakes and misfortunes and rarely because of one event. Our respective cultures dictate how we work and [...]
