INTRODUCTION
Our concept of risk management needs to change. I’m not saying that the current practice is wrong; it just provides us with too much static risk assessment and the creation of many false positives in risk reports. One may ask why I chose the use the example of commodities traders for a new risk mindset. The answer is rather simple; commodities traders view risk as a rapid change agent. That is to say, risk changes in likelihood, velocity, impact and exposure over time. Continue reading
#64 – RISK AND ORGANIZATIONAL MINDSET: LEARN TO THINK LIKE A COMMODITIES TRADER – GEARY W. SIKICH
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