There are many well used, almost clichéd phrases in the English language that contain powerful messages for the risk manager. Some that come to mind include: Every cloud has a silver lining: If we suffer a risk incident, we can usually find value, especially if we manage the incident really well and learn from our past mistakes. What doesn’t kill you makes you stronger: Failure is good, as long as we fail within our risk appetite, fail fast, fail with minimal damage and most importantly, learn from our failures. This will only make us stronger in the long term. And my favourite… Prevention is better than cure: It is better to practice proactive, preventive risk management rather than reactive firefighting risk management.