The fundamental questions of risk m...

The fundamental questions of risk management are timeless and universal. The answers, although have changed in ways that have significant implications.

I was reminded of the first point during dinner with complete friends and a guest they had invited, a bright, prosperous businesswoman. The guest wasn't afraid to make undaunted statements: "Life, like business, is nothing more than the assessment of probabilities." She then explained, in convincing detail, for what cause the success of her family's business be pendented on identifying and controlling the various factors that influenced their probability of succes "At each stage in our production proces we know exactly to what extent ...