Resist the rise of the risk management machines
Overreliance on modern risk management systems, and metrics such as value-at-risk, can blind firms to tectonic structural market shifts. To help alleviate this problem, the use of human judgement and intervention is required, argues Vincent Kaminski
Recently, a light started blinking on the dashboard of my car. I am automotively challenged and the car manual was not very helpful. The instruction was to "bring your car to the dealership immediately", without further instructions. Should I drive or call a tow truck? The problem could be something minor – a short circuit in the electrical system, perhaps – or something really serious, with
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