There is no shortage of Canadian insurance brokers and companies trying to sell medical cannabis businesses insurance products. While your business and property always need some insurance keep in mind that insurance is merely one treatment for managing your business…
Operational Risk: The Truth Is Out There
With new episodes of 1990s hit series The X-Files airing in January, it got me thinking about the show’s tagline “The Truth Is Out There” and how it applies to the cloak and dagger world of operational risk. The X-Files…
Risk management and cognitive biases
If you’ve ever had the pleasure of putting many people in a room to discuss and assess risks you’d know that not everyone assesses every risk the same way. To some a particular risk is high, while to others it…
Real Human Beings and the Elephant Man
Perhaps one of the most famous movie quotes from my childhood was from the 1980 movie ‘The Elephant Man‘ based on the life of Joseph (John) Merrick, a severely deformed man in 19th century London. At one point in the…
The iPhone 4S of enterprise risk management
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…
Felix Kloman, the Rocket and risk management
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…
Voldemort vs Anybody is the Trend
Riskczar would like to thank the Vancouver Sun for comparing Rupert Murdoch to Voldermort in today’s article a few days after I blogged a similar comparison about Nassim Taleb and Voldemort. Even including a separated-at-birth photo is an uncanny coincidence. Have a look.
Seth Godin’s disaster tolerance
I don’t often copy and paste entire posts of others without a clever preamble but it’s really hot out and I’m tired plus this post by Seth Godin called “Disaster Tolerance” speaks for itself. Not all disasters can be avoided. Not…
Which risk tolerance vs that risk appetite
Like many of you, I received a request from The Institute of Risk Management to comment on a consultation paper they prepared called “Risk Appetite and Risk Tolerance”. Great title. It’s not my intention to opine on the paper here.…
Death by Smartphone
Here’s proof supporting my 2010 post about how people do not wear watches anymore because we have clocks on our smartphones. The Huffington Post features a list of 9 Gadgets that Smartphones Made Obsolete. Voice recorders Alarm clocks MP3 players…