The trading risks of HFT may decimate the HFT operation and at the same time greatly affect other market participants. Particularly, in selected markets, unchecked HFT may quickly incur considerable losses, well in excess of any tolerable limits.
The practice of risk management -- perhaps business management as a whole -- is too dependent on that which is quantifiable. Culture should not be delegated to the status of an amorphous add-on. It is front and center to the challenge of risk resilience.
I believe the trend to disconnect ourselves from human consequences while focusing on numbers only is as potentially destructive to the future of businesses that depend on customer relationships as it has been to the political process
I worked with a number of boards and board chairs over the summer, and here are the things on their minds and the things they'll be grappling with this autumn, above and beyond the usual business of the year.
It does not qualify as leadership when an organization is satisfied at being among the best (or is the best) at meeting the minimum standards. Relying on the failure or malfeasance of others in your space is not a valid business model.
If Governor Cuomo opens New York State to fracking, experts who analyze its impacts and have studied the toxic and environmental outcomes of Love Canal and the BP oil rig explosion predict similar long-term consequences.
It is critical to the careers and business success of high achievers to be able to connect to and understand how to use their sense of vulnerability. You are at risk until you engage this critical sense.