Thursday, 1 November 2007


"Knowledge is power?

... Those who bank entirely on dogmatic,deterministic knowledge are outdone by those who apply dynamic knowledge. "Not knowing" does not mean "Knowing nothing", it means asking onself new questions at the right time in each new situation.

The motto Descartes espoused was " Doubt is where wisdom begins".


The above is taken from Munich Re's fascinating review called Chance:Risiko for a risk taking culture, published to celebrate their 125th anniversary. Risk Management is about making better decisions, those who have no decent doubt are accidents waiting to happen.

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