Excellent Peter Bernstein Video On Risk

The international management consulting firm, McKinsey & Company, has posted an excellent video of the famed author and expert Peter Bernstein discussing risk in a January 2008 edition of McKinsey Quarterly.

The 12 minute video is available on the McKinsey website Youtube here. It is worth watching.

After seeing this video, you will understand much more about risk and our current crisis and all explained in simple non-mathematical language.

It is clear that if people of Bernstein's caliber and knowledge were running our financial institution regulatory and oversight agencies, we would not have had the banking and securities industry crisis we had.

I thank McKinsey & Company for producing and making available this terrific video.