When I hear risk managers say there are five ways to treat risk (accept it, transfer it, reduce it, increase it, avoid it), we have to accept they aren’t being especially creative with their solutions when potentially, there is an unlimited number of risk treatment strategies available to them, if they just open their minds.
To demonstrate the point further, a client recently asked me to show if it was possible to benefit from something if its price went up or down and yet to contain the risk at the same time.
“Is it even possible to avoid the risk but…
