Enterprise Risk Management: A New Look

The concept of Enterprise Risk Management, or the incorporation of risk assessment in all functional areas of an organization, is not especially new. In 2002, for example, Sarbanes-Oxley required internal controls on financial reports, usually including risk assessment. However, this tidbit from an article on “Smarter Risk Management” from Director of Finance Online caught our […]

Debt and Hope

Political scientist Ted Lowi once said, “Where there’s debt, there’s hope.”  And certainly that’s been the optimistic philosophy with which the financial powers-that-be operate.  But fundamentally I think Lowi was trying to get at the way we think about money and the future: we have always understood it is a trade-off between risk and reward.  […]