Risk – What grandmothers get right and theoreticians get wrong
Skin in the game – Nassim Nicholas Taleb’s take on risk management
“Rule number 1 of risk management: you should have skin in the game as a filter for the system”, Nassim Nicholas Taleb, Trader, Scholar, and Risk Engineer from NYU Tandon School, declared at RiskMinds International.
If you don’t have skin in the game, how can you tell that you are doing the best job you can as a risk manager? In other industries, positive peer assessment and recognition is not enough to avoid catastrophe, so why should it be any different for the banking sector? What about theory vs. experience?
In this presentation, Taleb answers these questions.
Log in (or sign up) to watch >>>