There are several possible responses to risk, ranging from tolerating to eliminating.
The right response to risk depends on the specific situation and also our calculations of probability and impact.
Transferring and insuring against risk involve others in risks, to the benefit of the business; the trade-off is increased costs.
Managing risks well depends on sharing information, clear responsibilities and consistency of approach.
Keep INVESTING Simple and Safe (KISS) ****Investment Philosophy, Strategy and various Valuation Methods**** The same forces that bring risk into investing in the stock market also make possible the large gains many investors enjoy. It’s true that the fluctuations in the market make for losses as well as gains but if you have a proven strategy and stick with it over the long term you will be a winner!****Warren Buffett: Rule No. 1 - Never lose money. Rule No. 2 - Never forget Rule No. 1.
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