If you can manage a risk entirely by algorithm, you have eliminated it: Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
Line 1: | Line 1: | ||
Courtesy of the syllogism beginning {{maxim|A risk you have eliminated is not a risk}} this is less of a good thing than it sounds. A risk you have eliminated has no value, and your compliance cost in monitoring it is wasted. Unless you have only eliminated it ''because'' you are monitoring it — [[Schrodinger]], hello! — in which case well played, madam: you have just bought yourself a compliance cost for nothing. | Courtesy of the syllogism beginning {{maxim|A risk you have eliminated is not a risk}}, this is less of a good thing than it sounds. A risk you have eliminated has no value, and your compliance cost in monitoring it is wasted. Unless you have only eliminated it ''because'' you are monitoring it — [[Schrodinger]], hello! — in which case well played, madam: you have just bought yourself a compliance cost for nothing. | ||
{{maxim|A risk you have eliminated is not a risk}}<br> | |||
{{maxim|Without risk, there is no return}}<br> | |||
{{maxim|If you can manage a risk entirely by algorithm, you have eliminated it}} | |||
{{sa}} | {{sa}} | ||
*[[Risk]] | *[[Risk]] |
Revision as of 15:07, 9 September 2019
Courtesy of the syllogism beginning A risk you have eliminated is not a risk, this is less of a good thing than it sounds. A risk you have eliminated has no value, and your compliance cost in monitoring it is wasted. Unless you have only eliminated it because you are monitoring it — Schrodinger, hello! — in which case well played, madam: you have just bought yourself a compliance cost for nothing.
A risk you have eliminated is not a risk
Without risk, there is no return
If you can manage a risk entirely by algorithm, you have eliminated it
See also
- Risk
- Risk analysis from our risk series
- Rumours of our demise are greatly exaggerated