A Harbinger of Risk to Come

A Harbinger of Risk to Come

There is no doubt that international bank regulation is one of the most action-packed topics there is, easily beating out stamp collecting and certainly on par with crocheting toilet doilies. The grand institution of the trade is, of course, the Basel Committee on...
It’s Not That Easy to AI

It’s Not That Easy to AI

One of my favorite “Steve” memes is: Steve joined a gym in January. He’s had disappointing results. Today, he has finally decided to head down there himself to find out what’s going on. -In Otter News I am not saying that banks have treated AI like Steve’s...
Welcome to Oil Club

Welcome to Oil Club

The first rule of Oil Club is that supply balances price and demand. The second rule of Oil Club is that SUPPLY balances price and demand! The third rule of Oil Club is that if someone pumps above their quota, we increase supply. In the olden days—as far back as...
Shrinking Carrot,  Flailing Stick

Shrinking Carrot, Flailing Stick

The conventional thinking, that you can motivate others to do what you want with a mixture of punishment and reward, is at best shortsighted and outdated. Its biggest flaw is that it assumes away any agency and integrity on behalf of those you try to motivate. The...
The Yellow Speech  or the Green Speech?

The Yellow Speech or the Green Speech?

In the seminal Danish movie The Celebration (1998), a family and guests are gathered for the 60th birthday of the patriarch, Helge. Christian, the oldest son, gives Helge the choice between the yellow and the green speech. Helge chooses the green one, which turns out...