RISK MANAGEMENT QUOTES FOR THE WEEK!

• “Risk is all about uncertainty or, more importantly, the effect of uncertainty on the achievement of objectives. The really successful organizations, work on understanding the uncertainty involved in achieving their objectives and ensuring they manage their risks so as to ensure a successful outcome.” Kevin Knight, ISO
  

• The major difference between a thing that might go wrong and a thing that cannot possibly go wrong is that when a thing that cannot possibly go wrong goes wrong it usually turns out to be impossible to get at or repair” Douglas Adams

• "A good rule of thumb is to assume that “everything matters.” 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.” Avinash Persaud

• Economies are in greatest peril not when investors willfully take crazy financial risks but when no one seems to perceive risk and the need to insulate the economy from it.

SOURCE: http://riskviews.wordpress.com/2010/01/12/best-risk-management-quotes/