The Curly Factor (via Prologue)

Great insight and humour from a man who knows what he is talking about…I just hope people are listening (although I do, sometimes despair!).

The Curly Factor We  talk about “risk intelligence”  and various gurus and philosophers have called it “the capacity to learn about risk from experience and a special kind of intelligence for thinking about risk and uncertainty.  At the core is always the ability to estimate probabilities accurately.  But what if you are just not very smart, maybe even dumb?  Is there hope?  Actually it pays to be ignorant when it comes to dealing with high impact risk.  That’s w … Read More

via Prologue

Global Dynamics Processes: Complexity of Tao

I don’t claim to know much about the “Complexity of Tao” but there is some interesting reading in this blog nevertheless:

“Science has, to date, succeded in solving a bewildering number of relatively easy problems, whereas the hard problems, and the ones which perhaps promise most for man’s future, lie ahead.”

“What makes an evening primrose open when it does? Why does salt water fail to satisfy thirst? Why is one chemical substance a poison when another, whose molecules have just the same atoms but assembled into a mirror-image pattern, is completely harmless? Why does the amount of manganese in the diet affect the maternal instinct of an animal? What is the description of aging in biochemical terms? … All these are certainly complex problems, but they are not problems of disorganized, to which statistical methods hold the key. They are all problems which involve dealing simultaneously with a sizable number of factors which are interrelated into an organic whole. They are all, in the language here proposed, problems of organized complexity”

via Global Dynamics Processes: the Connecting Pattern from KaliYuga to Tao: Complexity of Tao.

“Insurance isn’t the problem”: correct…the problem is endemic in FS

I like Eric Galbraith and don’t envy him the task “at hand”. Well done for not ducking a real issue for the industry in your Guest Blog BUT please, please, please – for the sake of the hard working, customer-focused, brokers out there – don’t shirk from the message that, unless they start “dieting and exercising” they will not be fit enough to survive in a more testing climate!

It would be as wrong to believe that the problems are exogenous as it would be to suggest they are the fault of Aggregators, any “deal” with BIBA or the input of individuals within the BIBA Executive!

One of the earliest recorded “team builders” put forward this helpful piece of advise a long time ago: “Physician heal thyself” (Luke 4:23). But to do so does require a more holistic perspective because the success or satisfaction of the various parties are inextricably connected: interdependent.

‘Insurance tops the list of complaints’ blares the headline of an article in the Money section of this weekend’s Financial Times featuring the latest annual review of personal finance disputes from the Financial Ombudsman Service (FOS). 

via Insurance isn’t the problem – Insurance Age.