Are you Hungry for More Risk?

Best risk management practice is that you declare your hunger before you taste the food.  You can look at the menu and you can see the food, but you need to declare your appetite in advance of eating.  Not necessarily in advance of ordering.

Setting you appetite in advance and sticking to it will prevent you from gorging on too much risk that tastes good but will likely make you sick.

This week, WillisWire blog features an essay about Risk Appetite:

Guide to ERM: Risk Appetite and Tolerance

RISKVIEWS has featured several posts on Risk Appetite:

https://riskviews.wordpress.com/category/risk-appetite/

And here are a couple of published articles:

Help Wanted: Risk Tolerance

Not Such Foreign Concepts

 

 

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