Don’t take a piece of paper to a knife-fight: Difference between revisions

Don’t take a piece of paper to a knife-fight (view source)

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 We would respectfully submit, ''none at all''. So, our man in Cranley takes a measure of caution, constantly scans the intersections, moderates his speed, and stands ready to slam on the brakes should some damn fool pull out in front of him.
-This — a simple and, yes, ''fallible'' [[heuristic]], as a means of ''dynamic risk management''. It is the only way to cope with the mortal risks of a [[complex]], non-linear system that you cannot control.
+This — a simple and, yes, ''fallible'' [[heuristic]], is your best means of ''dynamic risk management''. But it doesn’t live in a legal contract. It lives in how you behave: how carefully you watch your counterparty, how closely you monitor the market; the experience and expertise of your front-line trading and risk people. Only they can cope with the mortal risks of a [[complex]], non-linear system that is beyond the institution’s control.
 We state no more than the bleeding obvious when we surmise that the satisfaction our cycling hero might derive from ''knowing'' he was in the right, and had been all along, and that the other chap was utterly, legally, to blame, without question of mitigation or even [[contributory negligence]] — that simple pleasure runs a distant second to the inconvenience of the six months he’ll spend in traction recovering ''if he is lucky'', at that tortfeasor’s sole and unlimited expense, and the years of painful therapy he’ll need if he is ever to walk again.