The post outlines essential reads for driving change effectively, including “Smart Brevity” for concise messaging, “Factfulness” for objective data analysis, and Edward Tufte’s work on visual information display. It emphasizes the importance of understanding habits and minimizing distractions to foster change, while recognizing timeless strategies from older texts.
Category Archives: RISK
How Excel’s StockHistory Transformed My Personal Investment Analysis
I recently learned about an excel feature called StockHistory. It has transformed my analysis, and in doing so, reminded me of the importance of long term thinking. Market risk can be a scary business – especially when considering your own investments. Are we being objective in our decisions? Sometimes its better not to track marketContinueContinue reading “How Excel’s StockHistory Transformed My Personal Investment Analysis”
The Risk Professionals’ Library – Part 2
The post highlights several influential books focusing on business success and effective management strategies. Key titles include “Money Ball,” emphasizing data-driven decision-making, “Netflix,” promoting competitive innovation, and “Zero to One,” advocating for selective investments. Other notable mentions are “Snowball,” “Rebooting AI,” and “Smarter Faster Better,” showcasing habits of successful individuals and organizational productivity.
The Risk Professionals’ Library – Part 1
The content emphasizes the importance of learning from past financial crises and failures, such as Enron and the Dot.com collapse. It highlights key risks, particularly leverage and the detachment from fundamentals, while referencing influential books and films that illustrate these lessons. Ultimately, it urges readers to reflect on their resources and awareness of potential risks.
Classic Risk Failures: Hubris & the Titan Submarine
One of the recurring themes in catastrophic risk failures is HUBRIS. The story of OceanGate and the Titan submarine is a timely reminder of this risk. Let’s look at the definition and some red flags! Hubris is excessive pride, arrogance, or self-confidence, often leading to defiance of moral or natural limits, resulting in downfall orContinueContinue reading “Classic Risk Failures: Hubris & the Titan Submarine”
A formula for risk staffing drives the transition from Risk Adminstration to Risk Value Add
How big should your operational risk function be. Here are some factors to consider.
Cyber attack hits JBS meat works in Australia, North America | Reuters
In the grand scale of cyber terrorism this is one that might actually be ethically ok. Disrupting meat production isn’t the end of the world and if encourages a few more ‘meatless Monday’s ‘ it may have a positive impact. Who knew that IT was critical in meat production? I’d take this over disrupting gasolineContinueContinue reading “Cyber attack hits JBS meat works in Australia, North America | Reuters”
Texas Sues Griddy, Says Electricity Provider Misled Customers : NPR
Targeting Giddy is not the answer- instead focus on the authorities that set the exorbitant prices. The state says it received more than 400 complaints about Griddy in less than two weeks. One woman who was hit with $4,677 on her credit card said, “I do not have the money to pay this bill.” —ContinueContinue reading “Texas Sues Griddy, Says Electricity Provider Misled Customers : NPR”
Texas shows the limits of free markets in Energy
Texas – home of the Enron accounting scandal and energy deregulation shows the limits of letting free market theory drive electricity generation. We are learning that there were terrible winter storms 10 years ago in 2011. El Paso, Texas was one place badly affected by that. It invested in winterization initiatives and as a resultContinueContinue reading “Texas shows the limits of free markets in Energy”
Top 10 Reasons why organizational change fails | IMD Article
The ten factors to increase the likelihood of transformation failure according to IMD research — Read on http://www.imd.org/research-knowledge/articles/10-reasons-why-organizational-change-fails/ This is a a great article. I especially like the concept of co-creation – the concept that those affected are included in the design.
JF Insights 