Best Risk Management Quotes & Sayings

Risk managers and investment bankers and actually, all kinds of investors took on more risk than they expected. So there was a failure of risk management. There was a failure to recognize how much risk there was in some of these securities that people bought. — Robert F. Engle

We live in a blatantly corrupt world and smart people engage in the wise practice of risk management. — Steven Magee

We are pioneers and the history of pioneers is not that good. — Jeff Bezos

The law of governance, risk-management, and compliance is the body of rules, regulations, and best practices that, individually and collectively, are intended to ensure that organizations are managed effectively and in such a way as to enhance social welfare. — Geoffrey P. Miller

Never take both hands off the pump. As an entrepreneur, you need to be on constant lookout for opportunity, and that will involve risk. But you minimize those risks by keeping one hand on the pump that is producing for you. — Kenneth E. Behring

For individuals and organizations alike, a reputation is far easier to destroy than it is to build. — Andrew Griffin

Risk is just an expensive substitute for information. — Adrian Slywotzky

most important distinction in the investment world does not separate individuals and institutions; the most important distinction divides those investors with the ability to make high quality active management decisions from those investors without active management expertise. Few institutions and even fewer individuals exhibit the ability and commit the resources to produce risk-adjusted excess returns. — David F. Swensen

Most corporate mission statements are worthless. They consist largely of pious platitudes such as: "We will hold ourselves to the highest standards of professionalism and ethical behavior." They often formulate necessities as objectives; for example, "to achieve sufficient profit." This is like a person saying his mission is to breathe sufficiently. — Russell L. Ackoff

Those who see what's obvious aren't necessarily brighter than others. They're just more likely to observe that the emperor is naked. Like children, they see what's actually there. Their perceptions are less clouded by belief systems, taboos, habits of thought. One responsibility of management
an important one
is to call attention to the invisible obvious, pointing it out as a child does (sometimes to the embarrassment of adults). Doing so also requires supporting employees who take that risk, too, and other risks as well. — Richard Farson

In financial services, if you want to be the best in the industry, you first have to be the best in risk management and credit quality. It's the foundation for every other measure of success. There's almost no room for error. — John G. Stumpf

The purpose of risk management is to improve the future, not to explain the past. — Andrew Jaquith

People see me as pretty low key in a lot of ways. And for me, like, even choosing to be John Legend and to be who I am as a star, as an artist, it's a risk 'cause I - you know, I graduated from college and worked as a management consultant, and I could have had this very kind of buttoned-up life and worn suits to work every day. — John Legend

Sense and deal with problems in their smallest state, before they grow bigger and become fatal. — Pearl Zhu

A clear mission statement describes the values and priorities of an organization. Developing a mission statement compels strategists to think about the nature and scope of present operations and to assess the potential attractiveness of future markets and activities. A mission statement broadly charts the future direction of an organization. A mission statement is a constant reminder to its employees of why the organization exists and what the founders envisioned when they put their fame and fortune at risk to breathe life into their dreams. — Fred R. David

The mistake ... was attributed in part to the fact that employees called the 3-year note 'Losh' and the 5-year note 'Bosh'. The comic mixing of 'Loshes' and 'Boshes' sounded more like a Dr. Seuss children's book than a cutting-edge risk-management operation. — Frank Partnoy

We treat employees as a member of the family. If management take the risk of hiring them, we have to take the responsibility for them. — Akio Morita

While we cannot accurately predict the course of climate change in the coming decades, the risks we run if we don't change our course are enormous. Prudent risk management does not equate uncertainty with inaction. — Steven Chu

Many at the State Department think its their job, not the Army's, to develop cultural and regional expertise and relationships. In such quarters, the RAF concept looks less like an innovative approach to global risk management than yet another military effort to replace diplomats with soldiers. — Rosa Brooks

Being able to be repeated controllably
is one key element in risk management. — Toba Beta

Stronger regulation and supervision aimed at problems with underwriting practices and lenders' risk management would have been a more effective and surgical approach to constraining the housing bubble than a general increase in interest rates. — Ben Bernanke

There is no doubt that Formula 1 has the best risk management of any sport and any industry in the world. — Jackie Stewart

Not taking risks one doesn't understand is often the best form of risk management. — Raghuram G. Rajan

I never use hedge funds because I am well aware of what drives future performance, and hedge funds start out with a great disadvantage in every major category: taxes, fees, risk management, transparency and liquidity. — Peter Mallouk

As population susceptibilities are better understood, we will be in a better position than we are in today to make informed decisions about risk management. — Samuel Wilson

Risk models only have value if they are used effectively in combination with a limit management and control process. — Jawwad Farid

Real investment risk is measured not by the percent that a stock may decline in price in relation to the general market in a given period, but by the danger of a loss of quality and earnings power through economic changes or deterioration in management. — Benjamin Graham

Managing risk is very different from managing strategy. Risk management focuses on the negative-threats and failures rather than opportunities and successes. — Robert S. Kaplan

Risk management seemed to have completed its transformation into pure entertainment. Dudley seemed the epitome of a risk manager who would drown crossing a river that was 12 inches in depth on average. — Satyajit Das

If you start buying your own bullshit, you risk becoming management material. — Josh Kilmer-Purcell

It is far better to do the right thing wrong than to do the wrong thing right. — Russell L. Ackoff

I found the concept of hindsight bias fascinating, and incredibly important to management. One of the toughest problems a CEO faces is convincing managers that they should take on risky projects if the expected gains are high enough. Their managers worry, for good reason, that if the project works out badly, the manager who championed the project will be blamed whether or not the decision was a good one at the time. Hindsight bias greatly exacerbates this problem, because the CEO will wrongly think that whatever was the cause of the failure, it should have been anticipated in advance. And, with the benefit of hindsight, he always knew this project was a poor risk. What makes the bias particularly pernicious is that we all recognize this bias in others but not in ourselves. — Richard H. Thaler

One of the responsibilities faced by the Environmental Genome Project is to provide the science base upon which society can make better informed risk management decisions. — Samuel Wilson

Love might be a risk, but I'm all about risk-management. — J.A. Huss

Successful problem solving requires finding the right solution to the right problem. We fail more often because we solve the wrong problem than because we get the wrong solution to the right problem. — Russell L. Ackoff

We have minds that are equipped for certainty, linearity and short-term decisions, that must instead make long-term decisions in a non-linear, probabilistic world. — Paul Gibbons

Opportunity and risk come in pairs — Bangambiki Habyarimana

If you have an approach that makes money, then money management can make the difference between success and failure ... I try to be conservative in my risk management. I want to make sure I'll be around to play tomorrow. Risk control is essential. — Monroe Trout