Identify risk

Analyse one’s risk exposure

Probability of risk occuring

Likelihood of risk occuring

Impact of the risk

Risk management

Put in place systems and procedures

Assess risk - oceń ryzyko

Reduce risk

Mitigate risk – Ograniczyc, złagodzic ryzyko

Face the risk

Strategic risk – customer and industry changes

Operational risk – regulatory, cultural and supply chain issues

Hazard risk – environmental events

Financial risk – exchange and interest rates

Contingency planning - Planowanie awaryjne / agreed plans that are ready to implement when risk
happens

Agree upon a plan

Implement/adopt a contingency plan

Protect oneself against risk

insurance

Hedge/hedging – investment made with intention of reducing risk of loosing asset

Risk-inclined

Risk-aversed

Be made rudundant – be laid off

Headhunter

Direct dealings

Be well staffed

Salary at the high end of the scale

Antagonise the unions

Estimate – to calculate apriximately

improbable -not likey to happen

forecast -prediction

take account of – to takie into consideration

factor in – to takie into consideration

randomness - uncertainty

unpredictability – uncertainty

researchers – scholarly or scientific investigators

counter-productive – achieving the opposite result to the one desired

underestimate – take to lightly

bluffers – fakers or pretenders

blockbust – runaway success

Chance generally relates tothe odds of something occuring, without any suggestion of preference.
Luck can be either good or bad.

Mogul – powerful and rich person

Tycoon – successful powerful and rich person

Pundit – specjalista

Embargo – order to stop

Glitch – usterka

Imbroglio – zamęt

Per capita

Pro rata – proporcjonalnie

Bonanza - a situation from which large profits are made

status quo – obecna sytuacja

shortcomings – niedociągnięcia

hold on to market

slightest indication – najmniejsza przesłanka

obtainable – osiągalne
operate - działać

bear a risk – ponosić ryzyko

comply with regulations – zastosować się do zasad

unstable political regime

cope with risk

be naturalised – adopt, become a part of sth

make a mapping of risks

mitigate and minimise risks

identify risks

do risk mapping

put in place procedures systems and people - wprowadzić procedury

fail to manage risk properly

foresee risks

inherently unpredictable – z natury (właściwie) nieprzewidywalny

appoint a risk manager - wyznaczyc

set up risk managing department

internally

externally

respond to risk

Resolve issue
Peril - niebezpieczeństwo

Beware – strzec się

Churning out – masowo tworzyć, wylewac je / to produce something automatically, without much
thought, and in large amounts / constantly produce

Uncertainty

Black swan

Improbable

Charlatans – a fake or imposter / a person who pretends to have skills or knowledge that the person
does not actually have

Map the future

Estimate

Witness

Massivelly over-budget

Forecasters

Ignore large deviations

Fail to take into account - Nie brać pod uwagę

Deviation – odchylenie, odstępstwo

Unexpected

Extreme impact

Seem predictable

Concocted – provided / wymyślone, przygotowane

The rise of

Popularity explodes

Word of mouth

Factor in – uwzgędniać / include

Possibility of randomness

Overestimate knowledge

Staggering – surprising, astonishing / Oszałamiający

Keep sth tight

Uncontrollable

Urge to be presice – pragnienie, impuls, pęd

Fine quality
Counter-productive - Efekt przeciwny do zamierzonego / having the opposite of the desired effect.

Cut sb’s teeth - to get your first experience of the type mentioned

Devour books – pożerać, pochłaniać ksiązki

Financial-market quantitative analyst - Analityk ilościowy rynku finansowego

Academic mainstream – the current thought of the majority of the mainstream

Look at probability the wrong way – w niewłaściwy sposób patrzy na ten problem

Maverick - Politycznie niezależny / non-conformist and independent thinker

Obscure thinkers – less known, not popular, thinking outside of the box

Take sth to be sth – brać coś za coś

Absence of proof – brak dowodu

Base study – opierać badanie

World of games

Preclude – make sure that sth won’t happen / Uniemożliwiać, wykluczać

Attatch importance – przywiązywać wagę

What is to come – co nadejdzie

Lead you down – poprowadzi

Maddeningly - Wściekle

Faced with black swan

Grossly

Overestimate significance

Underestimate significance

Handful of

Mend retinas

Learn the right lesson

Spectacular collapse

Inability of the hedge fund’s managers

hedge fund’s managers – zarządzający funduszami inwestycyjnymi

Flawed models – błędne modele, z wadami

Be stuffed – pełny, wypełniony

Full of bluffers – pełny blefiarzy

Owe as much to Chance as to skill – zawdzięczać, być winnym

Blockbuster – przebój, coś popularnego

Have roots in

Bright ideas

Rigorous research

Canny marketing – sprytny, życiowy, obrotny / clever

Scenario planners

Severe - poważne

Be fewer in number

Occur – zdarzać się

Broadly right

Precisely wrong

Make the world go round

Up to a point - partly, or to a limited degree / aż do pewnego momentu

Manage a trading floor

Set out to - to start an activity with a particular aim

Make them tick – make them behave as they do

Consecutive – kolejnych, nieprzerwanych

Takings – przychody, wpływy kasowe

Become more volatile

Volatile – zmienne, lotne

Market is less stable

Feedback loop - Sprzężenie zwrotne / an effect where an amount increases or decreases the amount
produced by the same process at a later time

Tap into – wykorzystać / to manage to use something in a way that brings good results

One-on-one competitions

Testosterone boost

Winning streak – a continuous series of successes

Give them an advantage – daje przewagę

Get a further advantage – uzyskuje jeszcze większą przewagę

Bout – runda, kolej / a fight or competition

World of financial derivatives trading - Świat handlu instrumentami pochodnymi

Derivative - a form of something made or developed from another form, financial instruments based
on contracts and not on assets/ instrument pochodny

Irrational risks

Buble bursts – bańka pęka

Market crushes

Prolonged – extended / przedłużony

Triggered by rapidly falling market - Wywołane gwałtownym spadkiem rynku

Clouded judgement - Mętny osąd

Take over – przejąć / get paralysed

For every boom it creates, testosterone is most likely behind every bust too

Bust – fiasko / failure

Dotcom bubble

Be caught up in a bubble - be in a difficult situation, and very likely to fail

Act in the way that accorded – działać w zgodny sposób

Accord with any predictions - Zgodnie z wszelkimi przewidywaniami

Profoundly influenced – pod głębokim wpływem

Primeval brain mechanisms - Pradawne mechanizmy mózgu

Activate Mechanisms

Irrational risktaking

Partly responsible

Financial instability

Draw lessons

Trading floors - the area of a stock exchange or financial market where dealers work

Cooler heads

Give way – ustąpić

Compensation

Extract a precise list

Seek to avoid – starać się uniknąć

Counterpart – odpowiednik po drugiej stronie

sought after results – poszukiwane rezultaty

bargain – result

conclude a successful bargain

could live without

thoroughly – dokładnie, gruntownie

concessions - something that is allowed or given up, often in order to end a disagreement

subject

outcome

impose conditions – narzucić warunki

put forward a proposal

take off the ground

repel – odpychać

lined up – w kolejce

bankrupt – not having enough money to pay your debts

comply – to obey a law or rule, or to keep an agreement

contingency plan – a plan for dealing with a future event or situation that might cause problems

hedge – if you hedge financial risk, you protect yourself against it, for example wuth futures
(agreements to buy or sell currencies on fixed date in the future at the fixed price) or options (rights
to buy or sell currencies at particular price within a particular period of time or on particular future
date) – hedging

impatriation – bringing an employee from a foregin subsidiary to work in company’s home market

mitigate - to make a situation or effects of something less unpleasant, harmful or serious

redundant - if you are made redundant, you lose your job because your employer no longer has a
job for you

subsidiary – a company that is at least half-owned by another company

union – an organisaton formed by workers to protect their rights

wildcat strike – a strike in which workers suddenly stop working in order to protest about sth, but
which has not been approved by the union