Real Risk Management: All Risks are Future Risks

Real Risk Management: All Risks are Future Risks

In summary of my series so far on Real Risk Management, each of us subjectively has preferences. These preferences, coupled with our chosen contexts, are what creates risk. As an example, if I choose to “beat the market” I have a chosen context of financial markets,...
Real Risk Management: Preferences

Real Risk Management: Preferences

Several weeks back I described how critical is context in risk management. I did this to bust out of the narrow confines of how financiers think about risk. As I pointed out risk in finance is most frequently thought of numerically and constrained by concepts of...
Real Risk Management: Contexts

Real Risk Management: Contexts

This is the first in a multi-part series on what I call real risk management. Specifically, I want to point out the tremendous importance of context in getting risk management correctly done. But first, I have to announce that my view of risk management stands in...