je.st
news
Time is Key to Putting a Price on Climate Risk
2013-09-16 10:34:00| Climate Ark Climate Change & Global Warming Newsfeed
LiveScience: Time compression is a simple concept fundamental to risk management. It refers to the fact that we can solve almost any problem given enough time the problem only becomes troublesome when events unfold too quickly, leaving insufficient time to react and manage the consequences. I first heard the term when my friend and former colleague, Jacob Rosengarten, spoke at a recent conference for hedge-fund investors, describing what went wrong during the financial crisis. The concept can be applied broadly...
Tags: time
price
key
risk
Category:Electronics and Electrical