If you can manage a risk entirely by algorithm, you have eliminated it: Difference between revisions
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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|If you can manage a risk entirely by algorithm, you have eliminated it}}<br> | |||
{{maxim|A risk you have eliminated is not a risk}}<br> | {{maxim|A risk you have eliminated is not a risk}}<br> | ||
{{maxim|Without risk, there is no return}}<br> | {{maxim|Without risk, there is no return}}<br> | ||
{{sa}} | {{sa}} | ||
*[[Algorithm]] | |||
*[[Risk]] | *[[Risk]] | ||
*{{risk|Risk}} analysis from our risk series | *{{risk|Risk}} analysis from our risk series | ||
*[[Rumours of our demise are greatly exaggerated - technology article|Rumours of our demise are greatly exaggerated]] | *[[Rumours of our demise are greatly exaggerated - technology article|Rumours of our demise are greatly exaggerated]] | ||
{{c|Maxim}} | {{c|Maxim}} | ||
Revision as of 15:09, 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.
If you can manage a risk entirely by algorithm, you have eliminated it
A risk you have eliminated is not a risk
Without risk, there is no return
See also
- Algorithm
- Risk
- Risk analysis from our risk series
- Rumours of our demise are greatly exaggerated