Dylan Grice on the paradox of risk management and risk managers

In the broadest sense possible, the greatest and most fundamental risk is the risk of not knowing what you're doing.  To the extent these "risk models" trick "risk managers" into thinking they do, they are dangerous because they blind users to the true nature of risk.  The paradoxical outcome is that such risk managers are making the financial world much riskier than it would otherwise be.

~ Dylan Grice, "The Language of Inflation," Edelweiss Journal, November 4, 2013