Risk Management:: we have one history but multiple futures – can we “fix” it?
Monday, 30 January, 2012 2 Comments
OK, so, in Economics and Finance we hear a great deal about “models”. Despite the obvious and much written about, failings, great store is put in their accuracy and ability to predict…even though, we already KNOW that, meaningful prediction about future events, based upon past events and outcomes, IS NOT POSSIBLE!
We are [still] in crisis and surrounded by increased volatility, uncertainty, complexity and ambiguity: most of it of our own making. The need for CHANGE, to give us hope worth clinging to, is even more pressing. But…
…we can’t begin to rebuild trust, an industry or economies without reliable tools:
Financial and Political mismanagement, misinformation, manipulation and mis-selling brought us to this point and mere rhetoric about “change” cannot mask these facts!
TRUST needs a foundation: the failure of past models, techniques and tools tell us that, without TRANSPARENCY, we need evidence from those that claim the ability and desire to (re)build a RESILIENT and SUSTAINABLE future.
One in which the integrity of the entire “structure” is ROBUST from the bottom up, or inside out [i2o].