You are here

Reading randomness

To avoid nasty surprises, don't try to predict the future - instead, stay aware of all possibilities, says Richard Fenning, Singapore-based CEO of global specialist risk consultancy Control Risks.

BT_20181027_JACONTROL6O4F_3598411.jpg
"Calculating risk is a cerebral, rational process where you carefully evaluate data and you draw objective conclusions of the likelihood of something happening or not. Fear is a much more visceral, irrational, emotional response to very specific circumstances... The problem from a corporate point of view is that our instinctive fear of danger sometimes is confused with our rational ability to calculate risk." - Richard Fenning.

AS TEMPTING as it can be to draw lessons from history, Richard Fenning cautions against doing so blindly - as a one-time student of history himself, and as chief executive officer of global specialist risk consultancy Control Risks.

"Yes, history can teach us things about the future," he

sentifi.com

Market voices on: