Let’s not be fooled…the data is not the only problem!

Please take a look at an excellent presentation “Paradigm Shift from Risk to Uncertainty” from Jason Jones, of Jones Consulting. Some much needed common sense on issues that too many in the industry appear all too ready to, at best defer or, at worst ignore.

Get "fit for randomness" [with Ontonix UK]

Unless you have been living in a cave you WILL be aware that the global financial sector has FAILED. It is “shot”! The models upon which the largest institutions and corporations quantified risk are discredited as are the rating agencies who wield such power over entire nations.

No-one could have seen it coming. Right?

WRONG. ABOUT AS WRONG AS YOU COULD BE!!! The warnings were out there. Not from fortune-tellers, soothsayers, prophets of doom and mad men. They, like those that relied upon their own intuition, would probably been marginalised or dismissed. But when warnings came from economists and academics you would have thought that the stakes were sufficiently high, to, at least, listen to what they had to say. NOPE. The most popular course was to ridicule what has since been shown to be the “inconvenient truth”.

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The new model leaders – FT.com


I have previously referred to the danger of “micro managing macro issues” and the impact of the, morally corrupt, culture of “Irresponsible Capitalism” upon fragile structures from the Industrial era…but I don’t have the same gravitas as the Founder of the World Economic Forum, so am unsurprised when people question my conclusions! Read more of this post