#64 – RISK AND ORGANIZATIONAL MINDSET: LEARN TO THINK LIKE A COMMODITIES TRADER – GEARY W. SIKICH

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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