Best Risk Management Quotes | Short & Famous Sayings Page 4

Source: Yanni in Words

“What went wrong is we had tremendous concentration in the sense we put a lot of our money to work against U.S. real estate. We got here by lending money, and putting money to work in the U.S. real estate market, in a size that was probably larger than what we ought to have done on a diversification basis.”

Real Done Risk Ought Bases Management Size Concentration Estates Risk Management Lending Diversification Lending Money Real Estate Market

Author:Vikram Pandit

“The key to risk management is never putting yourself in a position where you cannot live to fight another day.”

Fighting Risk Position Keys Management Another Day Risk Management

Author:Richard S. Fuld, Jr.

“A good rule of thumb is to assume that everything matters.”

Matter Risk Management Assuming Thumbs Risk Management

Author:Richard Thaler

“The technical explanation is that the market-sensitive risk models used by thousands of market participants work on the assumption that each user is the only person using them.”

Persons Used Risk Models Management Sensitive Explanation Assumption Users Participants Risk Management

Author:Avinash Persaud

“The kinds of errors that cause plane crashes are invariably errors of teamwork and communication.”

Kind Causes Risk Communication Management Errors Planes Teamwork Crash Risk Management Plane Crashes

Book:Outliers: The Story of Success

Source: Outliers: The Story of Success

“If you don't invest in risk management, it doesn't matter what business you're in, it's a risky business.”

Ifs Matter Risk Management Risk Management Risky Business

Author:Gary Cohn

“I can assure you, as long as I'm here, as long as my colleagues are here, we do know about risks.”

Knows Long I Can Risk Management Colleagues Risk Management

Author:Oswald Grubel

“At Berkshire, I both initiate and monitor every derivatives contract on our books ... If Berkshire ever gets in trouble, it will be my fault. It will not be because of the misjudgments made by a risk committee or chief risk officer.”

Ifs Made Book Risk Trouble Management Faults Chiefs Contracts Officers Committees Risk Management Initiate Derivatives

Author:Warren Buffett

“My client loved risk. Risk, I had learned, was a commodity in itself. Risk could be canned and sold like tomatoes.”

Risk Management Clients Commodity Risk Management Tomatoes

Book:Liar's Poker

Source: Liar's Poker

“This awful catastrophe is not the end but the beginning. History does not end so. It is the way its chapters open.”

Way Doe Ends Risk Management Awful Chapters Catastrophe Risk Management

Author:Saint Augustine

“We gauge risk literally hundreds of times per day, usually well and often subconsciously. We start assessing risk before the disaster even happens. We are doing is right now. We decide where to live and what kind of insurance to buy, just like we process all kinds of everyday risks: we wear bike helmets, or not. We buckle our seatbelts, smoke cigarettes, and let our kids stay out until midnight. Or not.”

Wells Kind Happens Kids Process Risk Right Now Management Everyday Disaster All Kinds Smoke Cigarette Bike Midnight Risk Management Helmet Gauges Buckles Assessing

Author:Amanda Ripley

“The public totally discounts low-probability high-consequence events. The individual says, it's not going to be this plane, this bus, this time.”

Individual Risk Events Lows Consequence Management Planes Bus Probability Risk Management Discounts

Book:The Unthinkable: Who survives when disaster strikes - and why

Source: The Unthinkable: Who survives when disaster strikes - and why

“If you spend more than 13 minutes analyzing economic and market forecasts, you've wasted 10 minutes”

Ifs Risk Economic Minutes Management Risk Management Analyzing Forecasts

Author:Peter Lynch

“Indeed, better risk management may be the only truly necessary element of success in banking.”

May Risk Elements Management Banking Risk Management

Author:Alan Greenspan

“One thing that makes it possible to be an optimist is if you have a contingency plan for when all hell breaks loose.”

Ifs Break Hell Plans Risk One Thing Management Optimist Risk Management Contingency Last Lecture Worst Case Scenario Contingency Plans

Book:The last lecture

Source: The last lecture

“Thoughtfully assessing and addressing enterprise risk and placing a high value on corporate transparency can protect the one thing we cannot afford to lose: trust.”

Values Loses Risk One Thing Protect Management Corporate Enterprise Transparency Risk Management Assessing

Author:Dale E. Jones

“Risk is just an expensive substitute for information.”

Risk Information Management Expensive Substitutes Risk Management

Author:Adrian Slywotzky

“If you don't know the Jewelry, know the Jeweller”

Ifs Knows Risk Management Jewelry Risk Management

Author:Warren Buffett

“Risk is a function of how poorly a strategy will perform if the 'wrong' scenario occurs.”

Ifs Risk Function Management Strategy Scenarios Risk Management

Book:Competitive Advantage: Creating and Sustaining Superior Performance

Source: Competitive Advantage: Creating and Sustaining Superior Performance

“Having no problems is the biggest problem of all.”

Problem No Problem Risk Management

Author:Taiichi Ohno

“A company will get nowhere if all of the thinking is left to management.”

Ifs Thinking Left Company Management Risk Management

Author:Akio Morita

“The budget evolved from a management tool into an obstacle to management.”

Tools Management Obstacles Budgets Risk Management

Author:Charles Edwards

“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.”

Today Decision Risk Position Understood Management Population Risk Management Susceptibility

Author:Samuel Wilson

“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.”

Ifs Want Firsts Rooms Quality Risk Industry Management Foundation Errors Financial Credit Being The Best Banking Risk Management Measure Of Success Financial Services

Author:John G. Stumpf

“Risk management is the most important thing to be well understood. Undertrade, undertrade, undertrade is my second piece of advice. Whatever you think your position ought to be, cut it at least in half.”

Thinking Wells Important Half Pieces Cutting Risk Advice Position Ought Understood Management Important Things Risk Management

Author:Bruce Kovner

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

Ifs Used Values Process Risk Limits Models Management Combination Risk Management

Author:Jawwad farid

“As I write in 2012 we certainly do not believe that it is over yet, and the worst may be yet to come. Efforts by governments to solve the underlying problems responsible for the crisis have still not gotten very far, and the 'stress tests' that governments have used to encourage optimism about our financial institutions were of questionable thoroughness.”

Source: Finance and the Good Society

“Businesses can be opaque. They are complex. You don't know how aircraft engines work either.”

Knows Know How Risk Management Complexes Engines Risk Management Aircraft Opaque

Author:Jamie Dimon

“Outperforming the market with low volatility on a consistent basis is an impossibility. I outperformed the market for 30-odd years, but not with low volatility.”

Years Risk Lows Bases Management Odd Consistent Impossibility Risk Management Volatility

Author:George Soros

“The benefits provided by worker participation are twofold. Quality is improved because of the finding and fixing of a very large number of problems, but also, and perhaps equally important, moral is improved.”

Important Problem Numbers Quality Moral Risk Benefits Findings Management Workers Participation Fixing Large Numbers Risk Management

Author:George E. P. Box

“A problem never exists in isolation; it is surrounded by other problems in space and time. The more of the context of a problem that a scientist can comprehend, the greater are his chances of finding a truly adequate solution.”

Problem Chance Space Greater Risk Findings Solutions Scientist Management Isolation Time And Space Adequate Risk Management

Author:Russell L. Ackoff

“Managers have traditionally developed the skills in finance, planning, marketing and production techniques. Too often the relations with their people have been assigned a secondary role. This is too important a subject not to receive first-line attention. In this regard we could learn much from the Japanese. We must reinvest in the human side of management.”

“It is far better to do the right thing wrong than to do the wrong thing right.”

Risk Management Right Thing Wrong Things Risk Management

Author:Russell L. Ackoff

“Two resources, largely untapped in American organizations, are potential information and employee creativity”

Two Creativity Risk Information Resources Organization Management Employee Risk Management

Author:William Hunter

“The first step is to measure whatever can easily be measured. This is OK as far as it goes. The second step is to disregard that which can't be easily measured or to give it an arbitrary quantitative value. This is artificial and misleading. The third step is to presume that what can't be measured easily really isn't important. This is blindness. The fourth step is to say that what can't be easily measured really doesn't exist. This is suicide.”

Giving Firsts Important Values Steps Risk Thirds Management Suicide Artificial Fourth First Steps Blindness Arbitrary Mislead Disregard Risk Management

Book:The Empty Raincoat: Making Sense of the Future

Source: The Empty Raincoat: Making Sense of the Future

“The manager is a servant. His master is the institution he manages and his first responsibility must therefore be to it.”

Firsts Responsibility Risk Masters Management Institutions Manage Managers Servant Risk Management

Author:Peter Drucker

“A manager's task is to make the strengths of people effective and their weakness irrelevant - and that applies fully as much to the manager's boss as it applies to the manager's subordinates.”

People Risk Weakness Tasks Management Managers Boss Irrelevant Subordinates Risk Management

Book:Managing for the Future

Source: Managing for the Future

“I would hope that American managers-indeed, managers worldwide-continue to appreciate what I have been saying almost from day one: that management is so much more than exercising rank and privilege, that it is much more than "making deals." Management affects people and their lives.”

People Has Beens Deals Risk Exercise Appreciate Management Privilege Managers Risk Management

Book:Managing in a Time of Great Change

Source: Managing in a Time of Great Change

“Cease dependence on inspection to achieve quality. Eliminate the need for inspection on a mass basis by building quality into the product in the first place.”

Needs Firsts Quality Risk Achieve Building Products Mass Bases Management Cease Dependence Risk Management Inspection

Book:The Essential Deming: Leadership Principles from the Father of Quality

Source: The Essential Deming: Leadership Principles from the Father of Quality

“The old-fashioned idea of a good manager is one who is supposed to know all the answers, can solve every problem himself, and can give appropriate orders to his subordinates to carry out his plans... A good modern manager is like a good coach who leads and encourages his team in never-ending quality improvement.”

“The common objection to seniority pay is, "It's rewarding dead wood!" My response is, "Why do you hire dead wood? Or why do you hire live wood and kill it?"”

Common Pay Risk Management Response Woods Objections Risk Management Seniority

Author:Peter R. Scholtes

“It's better to solve the right problem approximately than to solve the wrong problem exactly.”

Problem Risk Management Solve Risk Management

Author:John Tukey

“To be effective, every knowledge worker, and especially every executive, therefore needs to dispose of time in fairly large chunks. To have small dribs and drabs of time at his disposal will not be sufficient even if the total is an impressive number of hours.”

Ifs Needs Hours Numbers Risk Management Workers Sufficient Executives Impressive Risk Management Chunks Knowledge Workers

Book:The Essential Drucker: Selections from the Management Works of Peter F. Drucker

Source: The Essential Drucker: Selections from the Management Works of Peter F. Drucker

“Very few things are as dangerous as a bunch of incentive-driven individuals trying to play it safe.”

Trying Play Individual Risk Dangerous Safe Management Driven Bunch Incentives Risk Management

Book:Punished by Rewards: The Trouble with Gold Stars, Incentive Plans, A's, Praise, and Other Bribes

Source: Punished by Rewards: The Trouble with Gold Stars, Incentive Plans, A's, Praise, and Other Bribes

“Management by results - like driving a car by looking in rear view mirror.”

Results Views Risk Car Mirrors Management Driving Risk Management Rear View Rear View Mirror

Author:W. Edwards Deming

“Standards should not be forced down from above but rather set by the production workers themselves.”

Should Risk Standards Management Workers Productions Risk Management

Author:Taiichi Ohno

“Quality is made in the board room. A worker can deliver lower quality, but she cannot deliver quality better than the system allow.”

Made Rooms Quality Risk Management Workers Boards Risk Management

Author:W. Edwards Deming

“The aim proposed here for any organization is for everybody to gain - stockholders, employees, suppliers, customers, community, the environment - over the long term.”

Long Term Community Environment Risk Gains Organization Aim Management Customers Long Term Employee Risk Management Suppliers

Author:W. Edwards Deming

“When you see data, doubt [them]! When you see measurements, doubt them!”

Doubt Risk Management Data Measurement Risk Management

Author:Kaoru Ishikawa

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Risk Management Quotes