A Quote by Jawwad farid
Risk models only have value if they are used effectively in combination with a limit management and control process.
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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.
Given the central role of effective, firmwide risk management in maintaining strong financial institutions, it is clear that supervisors must redouble their efforts to help organizations improve their risk-management practices...We are also considering the need for additional or revised supervisory guidance regarding various aspects of risk management, including further emphasis on the need for an enterprise-wide perspective when assessing risk.
Risk management systems and controls may discourage or limit certain revenue-generating opportunities. Failure to ensure the independence of these functions from the revenue generators and risk takers has been shown to be dangerous, and this is something for which the board is accountable.
Being a Navy SEAL and sniper taught me all about risk management. Take away all the risk variables under your control and reduce it to an acceptable level. The same fundamentals apply in business.
Most of the time, your risk management works. With a systemic event such as the recent shocks following the collapse of Lehman Brothers, obviously the risk-management system of any one bank appears, after the fact, to be incomplete. We ended up where banks couldn't liquidate their risk, and the system tended to freeze up.
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.
Corporations invest in sophisticated CRM, or Customer Relationship Management, programs to effectively oversee their relationship with their customers at every point during the buying process.
I believe that leaders and leadership teams working together in a proper design will run the business more effectively than by hierarchical, command-and-control managing. But I can't prove that. And there are no models.
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.
The essence of risk management lies in maximizing the areas where we have some control over the outcome while minimizing the areas where we have absolutely no control over the outcome.
The Internet is one area that I have used pretty effectively to break free of corporate control.
The climate-studies people who work with models always tend to overestimate their models. They come to believe models are real and forget they are only models.
Social media has had a huge impact on the industry. Models now have voices. We are connected directly to millions of people, and we are no longer just pretty faces modeling clothes. This has allowed us to reach a broad audience. This platform for models to connect directly with their fans has started to shift the power dynamic in the industry, but there's still a long way to go. I think we are heading in the right direction, as more people start to see the value in inviting models in the creative and collaborative process.
There were a few models who used to stay close to my building. I used to admire them and tell my friends that I did. Those models told me get into modeling.
The ideal is unnatural naturalness, or natural unnaturalness. I mean it is a combination of both. I mean here is natural instinct and here is control. You are to combine the two in harmony. Not if you have one to the extreme, you'll be very unscientific. If you have another to the extreme, you become, all of a sudden, a mechanical man No longer a human being. It is a successful combination of both. That way it is a process of continuing growth.
The art of wealth-getting which consists in household management, on the one hand, has a limit; the unlimited acquisition of wealth is not its business. And therefore, in one point of view, all riches must have a limit; nevertheless, as a matter of fact, we find the opposite to be the case; for all getters of wealth increase their hard coin without limit.
