Fear and Bravado in Decision Making

I was reading an article by Ross Gittins in the Sydney Morning Herald the other day. He was discussing how the media is driving us to believe the world is in much worse shape than it actually is. As he explained, we are programmed to check for threats to our well-being and hence the news…
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A different spin on capability

I follow Nassim Taleb’s (author of The Black Swan: The Impact of the Highly Improbable) lead which is to not pay too much attention to business news otherwise you might start to believe you really do know what is going on in the market.  He says, don’t read it every day, it’s better to absorb,…
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What’s your appetite for doing business?

I was helping an organisation develop a risk appetite statement recently. The board members had not previously been exposed to such a “device” and as you would expect were a little reticent. While I pride myself on being able to communicate the value of more formal approaches to risk management in a way that it…
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