Risk Tips 012: On the Risk Cycle

“First, see clearly. Next, act correctly. Finally, endure and accept the world as it is.”

Ryan Holiday, The Obstacle Is the Way (2014), at 178.

As Ryan Holiday’s description shows, the stoic philosophers had almost the entire risk management cycle accurately summarized centuries ago. We add only the following: after seeing clearly (identifying and prioritizing) and acting correctly (responding), don’t just accept, but improve — and do it all over again:

 

Risk Tips is a periodic posting on the Risk Alternatives blog. Here, we share some of our favorite thinkers’ favorite thoughts (and a few of our own). Please buy the books we quote: we want you to build your library of risk management and process improvement gems. To find out more about risk management, start here

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