Wisdom begins with the definition of terms.
I offer this brochure as my portfolio of available risk management consulting services. I present myself as a philosopher and scientist interested in helping organizations developing scientific management practices. This introduction describes the three main sections of the document. My Résumé describes my extensive background in risk management and actuarial science. The Bernoulli Model is a sophisticated realization of portfolio theory that I have designed with the hope of becoming a universal standard for business, education and government. The underlying belief is that everyone needs to understand portfolio theory. The Risk Management Review Essays represent my forum for presenting philosophic and scientific arguments. Each of the five concise essays are written to both inform and inspire new ways of thinking.
Your organization may be among the thousands of organizations around the world that are facing a barrage of changes and challenges in the global environment. Most would agree that growth and sustainability in this evolving environment are largely contingent upon efficiently managing both value creation and the risk associated with value creation. This concept of risk-reward efficiency was first introduced by Harry Markowitz as portfolio theory in 1952. The Bernoulli Model is an advanced application of portfolio theory that shows the same coherent storyboard for all organizational risk factors within a stylized, accessible Microsoft Excel frontend environment. The approach involves first developing micromodels for the purpose of highlighting basic concepts. The benefits of portfolio management and The Bernoulli Model include the capacity for:
· Portfolio optimization and cost savings
· Expanded definitions of both risk and reward
· Comparability between risk factors and business units
· Consolidated forecasting and risk management intelligence
· Greater internal credibility when calculating the cost of capital
I also offer The Bernoulli executive training model for the price of five thousand dollars. This state-of-the-art model shown in this brochure features:
· Prototype for operational model
· Actuarial valuation of assets
· Expanded definitions of risk and reward
· Scientific management
· RoboHelp system
· The Bernoulli charts
· The Bernoulli moment vector
· The four-moment Camus distribution
· The VBA Code
· Consulting time
In addition to The Bernoulli Model, some of the other projects that I could become involved in include conducting an insurable risk retention valuation study, developing forward-curve models, providing actuarial validation of existing models, researching topics and writing reports, helping consolidate existing models and developing RoboHelp systems. My value proposition lies in offering a low-risk, high-reward approach to contributing towards managing change in different organizational areas by helping to develop standardized models and decisionmaking practices.
I do my best thinking in a warm bed.
We can never see around our own corner.
People only see what they are prepared to see.
—Ralph Waldo Emerson
Genius is merely the art of generalizing and choosing.
Paradigm shifts are not unpredictable, just unthinkable.
Mozart is too simple for beginners and too difficult for experts.
The definition of risk is that more things can happen than will happen.
You think when you understand one, you understand two, because one and one is two—but do you understand and?
—Jalal al-Din Mohammad Rumi
Descartes had a very clear idea of the type of reader he was trying to reach—that of the cultured public—the ladies of the salon rather than the pedants of the university.
The violent reaction to the recent development of modern physics can only be understood when one realizes that the foundations of physics have started moving—and that this motion has caused the feeling that the ground would be cut from science.
Some men never seem to grow old. Always active in thought, always ready to adopt new ideas, they are never chargeable with foggyism. Satisfied, yet ever dissatisfied, settled, yet ever unsettled, they always enjoy the best of what is, are the first to find the best of what will be.
Modern man has acquired the willpower to carryout his work proficiently without recourse to chanting, drumming or praying. He is able to translate his ideas into actions without a hitch, while primitive man was hampered by fears and superstitions at each step along the way. Yet in maintaining his creed, modern man pays the price in a remarkable lack of introspection. He is blind to the fact that, with all his rationality and efficiency, he is possessed by powers beyond his control that keep him restlessly on the run.
In 1952 a young graduate student named Harry Markowitz studying operations research demonstrated mathematically why putting all your eggs in one basket is an unacceptable strategy and why optimal diversification is the best one can do. His revelation touched off an intellectual movement that has revolutionized Wall Street, corporate finance and decisionmaking of all kinds. Its effects are still being felt today.
You have the look of a man who accepts what he sees because he is expecting to wake up. And you are here because you know something. What you know you can’t explain, but you feel it. You’ve felt it your entire life. That there’s something wrong with the world. You don’t know what it is, but it’s there, like a splinter in your mind driving you mad. It is the world that has been pulled over your eyes to blind you from the truth. Like everyone you are a slave. You were born into bondage, born into a prison you cannot smell or taste or touch—a prison for your mind.
—Morpheus from the 1999 movie Matrix