Mumpsimus Revisited - Essays on Risk Management
Are you guilty of the sin of mumpsimus? “Adherence to, or persistence in, an erroneous use of language, practice or belief, out of habit or obstinacy”, that is mumpsimus.
In this book, IRM’s irreverent and controversial 2005 Annual Lecture presenter Felix Kloman demolishes common myths about the discipline of risk management, and at the same time introduces new ideas to stimulate our thinking as practitioners. Central to Kloman’s views is the idea of risk management as a strategic and integrating discipline.
Essential reading for anyone in the profession, this book helps place individual tools and products such as risk analysis, financial modelling, contingency planning, physical protection and insurance in a broader context. Indeed, this text deserves a much wider audience than those focussed on risk alone. Written in a wry and ironic style, it is a book I challenge anyone not to read and be amused and educated at the same time.
Steve Fowler, Chief Executive Officer, IRM