A headline today on CBC.ca reads “UBS case latest failure of risk management”. I think I will spend the rest of the day being offended by the CBC. (All will be forgiven if Amanda Lang appears on the National tonight.)…
Reading the fine print risk management
Terms and conditions. Terms of use. Cardholder agreement. Just like Satan, the fine print has many names. The Guardian reported in May 2011 that only “7% of people actually read the full terms when buying a product or service online,…
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.
Voldemort vs Taleb Deathmatch
With all the hype surrounding the final Harry Potter movie, I thought I would compare Voldemort to Nassim Taleb, financial guru and author of the book “The Black Swan”, to see who is greater. (Plus I thought it might be funny.) (Removed a…
Stairs risk management
Some interesting info on stairs to share wtih you. According to the book At Home by Bill Bryson, the second most common cause of accidental death is stairs. While stair deaths are well back of automobiles, they are far ahead of “drownings,…
Reputation risk: Is Delta Airlines the Mel Gibson of aviation?
Has Delta Airlines become the Mel Gibson of air travel? As Riskczar.com reported recently, Delta Airlines took a reputation hit because it was charging US soldiers $200 for shelping their four piece of luggage when returning from the War on Terror. Now,…
When treating a risk creates another risk and so on and so on
Sometimes in an effort to treat an issue, we generate a different risk or increase an existing one in the process. Many of us can relate to when the internal auditors come in, look at existing processes and weak controls…
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…
Review of Keith Baxter’s book Fast Track to Success: Risk Management
When Keith Baxter published his book Fast Track to Success: Risk Management, I tweeted to him I would read it during the Christmas break last year then review it. At that time I was about halfway through 4100 pages of…