Shrinking Carrot, Flailing Stick

Shrinking Carrot, Flailing Stick

by | Apr 28, 2025 | Risk Report

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that you can motivate others to do what you want with a mixture of punishment and reward, is at best shortsighted and outdated.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?

by | Apr 21, 2025 | Risk Report

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...
So Close and Yet So Tariffs Away

So Close and Yet So Tariffs Away

by | Feb 3, 2025 | Risk Report

Agreement has been in short supply lately, except when it comes to inflation being a pain that everyone wants to stop or at least get into a reasonable range of, say, 2%. As can be seen on the graph below, the Fed has been working its delicate tool of the interest...