With due respect, but vindication is a beautiful thing…
As I had delivered a lecture over five years on all the places that risk management of the Basel II/II style, using quants and all to model (an übercomplex combination of scores of) human behaviour thus sublimating one’s model errors and one’s misunderstanding of how the world turns, not even mentioning the risk of the 15.5 risk; necessarily (if you’d had got It) speculative about what’s next, the evaluation was heaviliy tilted from quite (UK style) positive to mediocre by one bad review, that had as only comment “not based in evidence”. See the latest pres’s in my LinkedIn profile; without much by way of speaker notes, the ones on e.g., Blind Alley et al. can be readily understood qua intent.
Recently then, finally, this arrived. Maybe spinning off in an adjacent direction; veering off or running in parallel? But definitely touching the sore spot.
To the point where the dish is sweetest served cold.
But hey, would have liked all the business (and ~travel…) opportunities that could’ve been…
Now, let’s all go study Basel IV’s methodology and learn (e.g., as in the above-linked article). Maybe there is a future for risk management. Even if not as a separate discipline; see my posts of management-in-general. Plus:
[Once was my ‘work’ location; worth re-pursuing Trois Islets, Martinique]