ABOUT THE AUTHOR

Donald R. Van Deventer, Ph.D.

Don founded Kamakura Corporation in April 1990 and currently serves as its chairman and chief executive officer where he focuses on enterprise wide risk management and modern credit risk technology. His primary financial consulting and research interests involve the practical application of leading edge financial theory to solve critical financial risk management problems. Don was elected to the 50 member RISK Magazine Hall of Fame in 2002 for his work at Kamakura.

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John Maynard Keynes on “Sound Bankers”

01/26/2010 01:34 AM

This quote has been added to our May 22, 2009 “Great Quotations” blog entry, but it hits so close to home we repeat it here.

John Maynard Keynes, “A sound banker, alas, is not one who foresees danger and avoids it, but one who, when he is ruined, is ruined in a conventional way along with his fellows, so that no one can really blame him.”  Quoted by Michael Pomerleano and Andrew Sheng, “A Failure of Public Governance,” Financial Times Economists Forum, January 26, 2010. Original quotation from “The Consequences to the Banks of the Collapse of Money Values”, 1931.

There’s much for us to do if the financial services industry is to finally prove Keynes wrong.

Donald R. van Deventer
Kamakura Corporation
Honolulu, January 26, 2010

ABOUT THE AUTHOR

Donald R. Van Deventer, Ph.D.

Don founded Kamakura Corporation in April 1990 and currently serves as its chairman and chief executive officer where he focuses on enterprise wide risk management and modern credit risk technology. His primary financial consulting and research interests involve the practical application of leading edge financial theory to solve critical financial risk management problems. Don was elected to the 50 member RISK Magazine Hall of Fame in 2002 for his work at Kamakura.

Read More