RISK PARASITE

Like it or not RISK will always prevail in our life. The cost incurred to mitigate  the effect of RISK is hugh to some entities, especially in asset management companies which manages substantial amount of cash but try ignoring it, and you will end up in even bigger pile of problem i.e. wealth depreciation!! Our way of managing our wealth is entirely depending to our past experience of working with our money. A bigger portion of population that indulges in investment to increase wealth failed to enhance their cash vault because of mis-match between their desire to make money and the existence of value eroding elements embedded in the investment products. Such mis-match is a by-product of their life experience gathered working with their money in the past. To some, the mis-match is not a pivotal bottleneck because their acumen in investment molded their values and belief on the subject of money management, to other some their investing values and beliefs takes a second or third class seat. When you have a sound understanding and knowledge of investment risks, and if your investment portfolio takes a beating, you will 'fall' but with grace because of establishment of risk mitigation factors . However, ignoring the risk factor in whole you will fall hard if ignorance took center-stage and dominated belief and value mold of your intelligence.

The same ideas is also applicable in a manufacturing environment of an organization. Visions and Missions brings along with it a dangerous parasite called RISK. Talented and professional managers from all levels have the skills and strategies to mitigate the effect of risk that will sway away the organizational's goals. Such beliefs and values developed in them are an asset to the entity.