Although you may not be professionally enagaged in risk management activities, you and everyone else in the world is in fact a risk management practitioner. If you buckle your seat, make a restaurant reservation or have life insurance, you’re managing risk. I wrote this limerick many years ago to offer an everyday, albeit quirky, example of risk management behavior.
What is Risk Mitigation?
A risk manager with a very sick pet
Found a way to hedge his risk bet.
He so loved his hound
That he searched ‘til he found
A combination taxidermist and vet.
by Don McAlister on 1/28/98