Two recent posts on the economics of blog advertising

Hedge Fund Guy sneers at one of the hot new things in business, Risk Management.

Risk management as a stand-alone business function is kind of pathetic. Lots of high-minded rhetoric, but very little impact. In practice risk management is mainly a PR exercise, sort of like economics departments from the 70’s and 80’s. Both house lots of PhDs highly influenced by economic theory, who eagerly share ideas in print and conferences. And just as economics departments were generally irrelevant to decision makers when they were at their high water mark 25 years ago, so too is Risk Management.

He notes that Enron used to brag about its department of Risk Assessment and Control.

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