Showing posts with label Jacobs Executive Advisors. Show all posts
Showing posts with label Jacobs Executive Advisors. Show all posts

Thursday, March 14, 2013

RSS URL Correction for Dream.Learn.Do.Become Blog


A Note From Jim

As an update to my previous 3/11/2013 post (pasted below), for RSS subscribers, please note that the correct new URL for our Blog's RSS feed is:
http://feeds.feedburner.com/Jims-Blog
Again, many thanks for your ongoing "followship". I welcome your comments.

Also, note our new "Ask Jim" feature. Your submissions are encouraged.

Best Always - Jim

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3/11/2013

A Note From Jim

Dear Readers:

Thanks for your enthusiastic and ongoing “followship”.

Please note that a new URL has been established for my Blog: “Dream.Learn.Do.Become.” The new URL is: http://jacobsadvisors.com/jims-blog

If you previously subscribed to the Blog via email, last week you should have received in your inbox, an advice informing of the URL change and requesting that you confirm your free subscription by clicking the link provided.

Alternatively, you may also re-subscribe directly at the new Blog URL: http://jacobsadvisors.com/jims-blog

If you previously subscribed to the Blog via a RRS feed, please update the feed address to : http://jacobsadvisors.com/jims-blog

Feel free to email me at jjacobs@jacobsadvisors.com if you’re experiencing any difficulty with the changeover. Many thanks. Happy flourishing!

Friday, February 8, 2013

Jim, congratulations! You have one of the top 1% most viewed LinkedIn profiles for 2012

Email To Jim From Linked-In

Jim, congratulations!


You have one of the top 1% most viewed LinkedIn profiles for 2012.

****************
From: LinkedIn [mailto:linkedin@e.linkedin.com]

Sent: Thursday, February 07, 2013 4:03 PM
To: jjacobs@jacobsadvisors.com
Subject: Congratulations! You have one of the top 1% most viewed LinkedIn profiles for 2012.

You have one of the top 1% most viewed LinkedIn profiles for 2012.  http://www.linkedin.com/pub/profile/0/560/aa9


This email was intended for Jim Jacobs (President & CEO, Jacobs Executive Advisors).
Hi Jim,

Recently, LinkedIn reached a new milestone: 200 million members. But this isn't just our achievement to celebrate — it's also yours.

I want to personally thank you for being part of our community. Your journey is part of our journey, and we're delighted and humbled when we hear stories of how our members are using LinkedIn to connect, learn, and find opportunity.

All of us come to work each day focused on our shared mission of connecting the world's professionals to make them more productive and successful. We're excited to show you what's next.

With sincere thanks,

Deep Nishar
Senior Vice President, Products & User Experience

Hurray! I have one of the top 1% most viewed @LinkedIn profiles for 2012. http://www.linkedin.com/pub/profile/0/560/aa9

Share Share on LinkedIn Share on Twitter Share on Facebook My Part in LinkedIn's 200 Million Member Milestone LinkedIn Corporation ©2013. LinkedIn, the LinkedIn logo and InMail are registered trademarks of LinkedIn Corporation in the United States and/or other countries.

© 2013, LinkedIn Corporation. 2029 Stierlin Ct., Mountain View, CA 94043, USA.

Tuesday, March 3, 2009

Sustaining The Romance of Creativity

The Romance of Creativity

The Romance of Creativity
by Mitchell Ditkoff, Idea Champions

Excerpts:

Simply put, whenever a person gets a new idea, a kind of romance begins. We become absorbed. Intoxicated. Smitten. Indeed, for many people, just thinking about a new idea is an aphrodisiac. It turns us on, psyches us up, and otherwise makes it very hard to eat, sleep, or obsess about cash flow.

While some people involved in a new relationship are able to sustain the accompanying excitement for months, most of us are less fortunate. It's the rare person, indeed, who knows how to savor and expand upon this feeling for years.

Ditto with the creative process.

You bet there's hope. And something a lot more powerful - awareness. Simply by paying attention to the games you play to protect yourself (from failure or success) will go a long way towards ensuring their extinction.

To begin with, understand that all romances, no matter how inspiring, are temporary. The trivial ones simply end. The good ones mature, often growing into committed relationships - even marriages. If you are really serious about your current hot idea, be willing to get closer to it. Be willing to go from the romance stage to an intimate relationship. Understand what the creative process is - an impossible-to-deny encounter with yourself - your fears, your power, your vision, and what drives you to play the game of life. Be willing to see your new venture as it is - with all its blemishes, quirks, and vagary. Know that you will have your falling out periods and your disagreements. Know that you will sometimes feel like a fraud. Know also that the fuel for many creative breakthroughs has not only been passion, purpose, and power, but also confusion, conflict, and collapse. It's normal. It's human. It's part of the process.

So please, be gentle with yourself. Be patient. Breathe deep. And above all, do whatever you can - day or night, rich or poor, male or female, manager or managee - to put the elation back into your relationship to creativity.

Read full article: http://www.ideachampions.com/article_romance.shtml
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This posting was made my Jim Jacobs, President & CEO of Jacobs Executive Advisors. Jim also serves as Leader of Jacobs Advisors' Insurance Practice.

Monday, March 2, 2009

Harvard Business Review: THE IKEA EFFECT: WHEN LABOR LEADS TO LOVE

THE IKEA EFFECT: WHEN LABOR LEADS TO LOVE


Perspective
Written by Michael I. Norton
Sunday, 01 March 2009 23:23

Excerpts:

Research conducted with my colleagues Daniel Mochon, of Yale University, and Dan Ariely, of Duke University, shows that labor enhances affection for its results. When people construct products themselves, from bookshelves to Build-a-Bears, they come to overvalue their (often poorly made) creations. We call this phenomenon the IKEA effect, in honor of the wildly successful Swedish manufacturer whose products typically arrive with some assembly required.

We also investigated the limits of the IKEA effect, showing that labor leads to higher valuation only when the labor is fruitful: When participants failed to complete an effortful task, the IKEA effect dissipated. Our research suggests that consumers may be willing to pay a premium for do-it-yourself projects, but there’s an important caveat: Companies hoping to persuade their customers to assume labor costs—for example, by nudging them toward self-service through Internet channels—should be careful to create tasks difficult enough to lead to higher valuation but not so difficult that customers can’t complete them.

Finally, the IKEA effect has broader implications for organizational dynamics: It contributes to the sunk cost effect, whereby managers continue to devote resources to (sometimes failing) projects in which they have invested their labor, and to the not-invented-here syndrome, whereby they discount good ideas developed elsewhere in favor of their (sometimes inferior) internally developed ideas. Managers should keep in mind that ideas they have come to love because they invested their own labor in them may not be as highly valued by their coworkers—or their customers.

Michael I. Norton is an assistant professor at Harvard Business School in Boston.


Read full article here: http://hbr.harvardbusiness.org/web/2009/hbr-list/ikea-effect-when-labor-leads-to-love
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This posting was made my Jim Jacobs, President & CEO of Jacobs Executive Advisors. Jim also serves as Leader of Jacobs Advisors' Insurance Practice.

Saturday, February 28, 2009

"40 Ways To Relax" - Boost your long-term productivity, creativity, and effectiveness

40 ways to relax

Note from Jim: Boost your long-term productivity, creativity, and effectiveness. Read "40 Ways To Relax"

Read article here: http://health.asiaone.com/Health/Wellness+@+Work/Story/A1Story20090227-124965.html
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This posting was made my Jim Jacobs, President & CEO of Jacobs Executive Advisors. Jim also serves as Leader of Jacobs Advisors' Insurance Practice.

Wednesday, February 25, 2009

Number of Companies Freezing Salaries May Continue to Rise

Number of Companies Freezing Salaries May Continue to Rise


World At Work

Number of Companies Freezing Salaries May Continue to Rise
Feb. 12, 2009 — One-quarter of U.S. companies surveyed has instituted a salary freeze, a number that may rise to one-third by the time 2009 budgets are finalized.

Read Full Article: http://www.worldatwork.org/waw/adimComment?id=31191
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This posting was made my Jim Jacobs, President & CEO of Jacobs Executive Advisors. Jim also serves as Leader of Jacobs Advisors' Insurance Practice.

Tuesday, February 24, 2009

Swiss Re's New Sigma Study Explores Scenario Planning for Insurers

Insurance Broadcasting Home pages

Insurance Broadcasting
Wednesday, 02/25/09

Swiss Re's New Sigma Study Explores Scenario Planning for Insurers
ZURICH, Feb. 24 /PRNewswire-Asia/ --

Excerpts:

Scenario analysis helps insurers make business decisions by considering a number of potential future developments, allowing them to manage a broad range of often interrelated risks. Scenario analysis is used in areas such as strategic planning, risk management and underwriting.

"Events like the financial crisis will accelerate the adoption of these approaches and encourage insurers to use state-of-the-art scenario analysis to evaluate risks," said Swiss Re economist Kurt Karl.
Common uses of scenarios in insurance

Insurers face a number of risks, such as natural catastrophes, mortality risks and investment volatility. These risks often interact in complex ways.

State-of-the-art scenario analysis

A state-of-the-art approach would see insurers excelling in the following types of scenario analysis:
-- A global model of assets and liabilities that can be stress tested with insurance, economic and financial market shocks.
-- A regular programme of internal scenario tests related to shocks such as natural catastrophes and pandemics, as well as economic and financial market shocks.
-- Models that capture how these shocks affect each major asset class and business line.

Read Full Article: http://www.insurancebroadcasting.com/insurance-news-022509-7.htm


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This posting was made my Jim Jacobs, President & CEO of Jacobs Executive Advisors. Jim also serves as Leader of Jacobs Advisors' Insurance Practice.

Monday, February 23, 2009

Investment returns top insurers' list of concerns | Business Insurance News, Analysis & Articles

Investment returns top insurers' list of concerns Business Insurance News, Analysis & Articles

Business Insurance
Investment returns top insurers' list of concerns
Posted On: Feb. 23, 2009 6:13 AM CST
Stuart Collins

LONDON—As the financial downturn shows no sign of abating, insurers polled by PricewaterhouseCoopers L.L.P. have identified investment performance as their chief concern.
While investment returns failed to even feature in the top 10 when PwC last surveyed insurers in its “Insurance Banana Skins” survey 18 months ago, investment performance, equity markets and capital availability were the top three risks in the 2009 report.

Read full article: http://www.businessinsurance.com/cgi-bin/news.pl?newsId=15493

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This posting was made my Jim Jacobs, President & CEO of Jacobs Executive Advisors. Jim also serves as Leader of Jacobs Advisors' Insurance Practice.

Sunday, February 22, 2009

How Positive Psychology Can Boost Your Business - BusinessWeek

How Positive Psychology Can Boost Your Business - BusinessWeek

February 12 2009
Business Week
How Positive Psychology Can Boost Your Business
In tough times, entrepreneurs try the so-called science of happiness to build thriving companies
By Jill Hamburg Coplan

Note from Jim: Great article about the science and psychology of happiness, a serious area of academic study launched in 1999 by the President of the American Psychological Association, Martin Seligman. Learn how adoption of these principles can enhance your personal and business performance.

Full article here: http://www.businessweek.com/magazine/content/09_62/s0902044518985.htm
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This posting was made my Jim Jacobs, President & CEO of Jacobs Executive Advisors. Jim also serves as Leader of Jacobs Advisors' Insurance Practice.

Saturday, February 21, 2009

Economic Stimulus Package Imposes New Executive Pay Restrictions on TARP Recipients- The Law Firm of Faegre & Benson LLP

Economic Stimulus Package Imposes New Executive Pay Restrictions on TARP Recipients- The Law Firm of Faegre & Benson LLP

Note from Jim: An important read for candidates and clients alike.... Details you may not know.

Economic Stimulus Package Imposes New Executive Pay Restrictions on TARP Recipients

18-February-2009
AuthorsBarbara-Ann Gustaferro David B. Miller

Read Full Article: http://www.faegre.com/showarticle.aspx?Show=8965

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This posting was made my Jim Jacobs, President & CEO of Jacobs Executive Advisors. Jim also serves as Leader of Jacobs Advisors' Insurance Practice.

Thursday, February 19, 2009

Is It the End for Big Director Pay Raises? - Careers - CFO.com

Is It the End for Big Director Pay Raises? - Careers - CFO.com


Is It the End for Big Director Pay Raises?

Ever so slightly, shareholders are starting to work up some concern over board compensation, which has risen annually in the double digits in recent years, a new study shows.

David McCann - CFO.com US
February 10, 2009

Excerpts:

With executive compensation being thoroughly vetted — and not just at companies that take federal bailout money — will closer scrutiny of directors' pay be far behind?

Maybe not, though until recently, few shareholders have objected to board compensation, despite the fact that it has risen steadily in recent years. That comfort came mostly out of a desire to attract and retain directors who are motivated and committed to their oversight roles.


Now one corporate governance research firm is seeing a slight shift in that attitude. "Just in this past year, I've started to notice a few people saying, about some companies at least, that the directors are being paid a lot of money, but are they really doing that good of a job?" said Paul Hodgson, senior research associate with The Corporate Library.

Still, Hodgson isn't sold on the idea that a revolution is at hand, at least not yet. "I'll believe it when I see it. I don't think it will be particularly widespread," he added.

According to the report [The Corporate Library's Director Pay 2008 study] , it was the third straight year of double-digit increases for both individual directors and entire boards. Individuals earned a median of almost 12 percent more than the previous year, but because the average board shrunk in size, the median total board pay climbed only 11 percent.

Hodgson attributed the steady climb of director compensation to the tightened regulatory environment spurred by the big corporate scandals earlier in the decade and the resulting passage of the Sarbanes-Oxley Act.

Read Full Article:
http://www.cfo.com/article.cfm/13095180/c_2984338
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This posting was made my Jim Jacobs, President & CEO of Jacobs Executive Advisors. Jim also serves as Leader of Jacobs Advisors' Insurance Practice.

To Make Investors Happy, Hire a Woman as CFO? - Careers - CFO.com

To Make Investors Happy, Hire a Woman as CFO? - Careers - CFO.com:

"To Make Investors Happy, Hire a Woman as CFO?
New research suggests that certain actions by companies create more shareholder value when a woman, not a man, is at the finance helm.

David McCann - CFO.com US
February 9, 2009"

Read full Article: http://www.cfo.com/article.cfm/13056001/c_2984411

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This posting was made my Jim Jacobs, President & CEO of Jacobs Executive Advisors. Jim also serves as Leader of Jacobs Advisors' Insurance Practice.

Wednesday, February 18, 2009

An interview with the CEO of a leading Italian design firm - The McKinsey Quarterly - interview CEO Italian design firm - Strategy - Innovation

An interview with the CEO of a leading Italian design firm - The McKinsey Quarterly - interview CEO Italian design firm - Strategy - Innovation

Alberto Alessi, head of his family’s iconic design factory, talks about how to sustain innovation over decades—and why companies should take more risk.
FEBRUARY 2009 • Marla M. Capozzi and Josselyn Simpson

Read full article: http://www.mckinseyquarterly.com/Strategy/Innovation/Cultivating_innovation_an_interview_with_the_CEO_of_a_leading_Italian_design_firm_2299

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This posting was made my Jim Jacobs, President & CEO of Jacobs Executive Advisors. Jim also serves as Leader of Jacobs Advisors' Insurance Practice.

Tuesday, February 17, 2009

Procrastination, The Fear of Failure, And The Factor of Feeling Competent

Fear of Failure Psychology Today Blogs

Psychology Today
Fear of FailureBy Timothy A. Pychyl, Ph.D. on February 13, 2009http://blogs.psychologytoday.com/blog/dont-delay>

What Would You Attempt To Do If You Knew You COuld Not Fail?>

Abstract: Procrastination, The Fear of Failure, And The The Factor of Feeling Competent "(the ability to learn new skills, feeling capable)" >

Excerpts:>

Adam's research, and I'm only touching on our early look at these data, indicates that developing and maintaining our sense of competence plays an essential role in our ability to pursue our goals effectively. In fact, to the extent that we feel competent, our fears of the potential for failure are not related to our procrastination.>

Concluding commentsThe question now is how do we foster that sense of competence in our lives that is so essential to our well-being? Competence, sometimes known as self-efficacy or our confidence in our ability, is built on earlier success. It is an upward spiral of confidence in our ability based on previous experience. It's also partly perception. When we recall the past, what do we recall? Where do we put our focus? Are we feeding our fears by remembering times when we did fail (because we all do at times), or are we optimistically and strategically focusing on our many successes to bolster our sense of competence? The choice is ours (ok, there are personality differences here, and we may discuss those at another time, but it is ultimately up to us).>

As the image of the sign for this blog post said so clearly, "What would you attempt to do if you knew you could not fail?" The attempt is the "courage to be", and our well-being depends on our moving forward with this courage in our lives. >

Read Full Article: http://blogs.psychologytoday.com/blog/don039t-delay/200902/fear-failure

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This posting was made my Jim Jacobs, President & CEO of Jacobs Executive Advisors. Jim also serves as Leader of Jacobs Advisors' Insurance Practice.

Monday, February 16, 2009

Self-regulation failure (Part 1): Goal setting and monitoring | Psychology Today Blogs

Self-regulation failure (Part 1): Goal setting and monitoring Psychology Today Blogs

Self-regulation failure (Part 1): Goal setting and monitoring

By Timothy A. Pychyl, Ph.D. on February 16, 2009 in Don't Delay

The simplest way to think about a self-regulating system is how your thermostat functions with your furnace. As simple as this may be, this model does speak to our own ability for self-regulation, and it's a good place to start this discussion about when self-regulation fails.

To understand procrastination, we must understand self-regulation failure. And, of course, to understand self-regulation failure, we must begin with a little about self-regulation.

Read Full Article: http://blogs.psychologytoday.com/blog/don039t-delay/200902/self-regulation-failure-part-1-goal-setting-and-monitoring

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This posting was made my Jim Jacobs, President & CEO of Jacobs Executive Advisors. Jim also serves as Leader of Jacobs Advisors' Insurance Practice.

Ed Batista: Awareness Vs. Spontaneity

Ed Batista: Awareness and Spontaneity

http://www.edbatista.com/2009/01/awareness.html


Two (of many) dimensions that describe our actions are 1) our level of awareness (or mindfulness, or consciousness) and 2) our degree of spontaneity at a given moment. Mapping these dimensions across each other results in four distinct ways of being, four "modes," although the boundaries are arbitrary and highly fluid. There's no implied hierarchy—no one mode is "best"—but a given mode may be best suited to our needs at a given moment. What characterizes each mode for you? Are certain modes easy or difficult? Are you able to identify and use the mode that best fits the moment?

This is obviously a highly reductive way of characterizing all our potential "ways of being," and I offer it cautiously. But it occurred to me today as I was wrestling with some strong emotions stirred up by a troubling experience, and it helped me make some sense of what had happened.
I realized that I'd been operating instinctively--reacting very quickly, with a low level of self-awareness--when that mode really wasn't called for, and it gave my actions a driven, robotic quality (which got me into trouble.) I needed to slow down, take a breath, be more reflective--to be deliberate.

See Full Article And Chart, Awarness Vs. Spontaneity, http://www.edbatista.com/2009/01/awareness.html

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This posting was made my Jim Jacobs, President & CEO of Jacobs Executive Advisors. Jim also serves as Leader of Jacobs Advisors' Insurance Practice.

Saturday, February 14, 2009

Reducing Stress Key to Saving Love, Marriage - Testosterone And Oxytocin

VOA News - Reducing Stress Key to Saving Love, Marriage
Voice Of America News
Reducing Stress Key to Saving Love, Marriage
By Faiza Elmasry Washington, D.C.13 February 2009

"Gray says that under stress, women need to be listened to and men need to be left alone. Gray says a stressed-out woman needs to talk about what's bothering her. That stimulates the release of the brain hormone oxytocin."

Note from Jim: Men are from Mars, Women are from Venus, relationship expert John Gray speaks of the differing effects of testosterone on stress in men and women and the role of oxytocin in reducing stress.

Excerpts:

Gray again uses the planets to represent the two sexes - Mars for men, Venus for women. In Why Mars and Venus Collide, he explains it all comes down to hormones, especially testosterone. The human body releases testosterone to cope with stressful situations. Yet, the hormone affects men and women very differently."

In a man, it's been shown when testosterone goes up, stress levels go down," he says."In a woman, when testosterone goes up, it doesn't lower her stress level. And this is a very significant difference between men and women. It was only four or five years ago that this was discovered on a physiological basis. So during the workday, women are experiencing emergency stress, but they are not able to talk about the things that are bothering her because that's not part of the workplace. And so the stress levels don't get reduced."

And after the workday, Gray says, men and women have opposite ways of relieving stress."For a man, [the best way] to cope with stress is to rest and relax and forget about the problems of the day," he says."When men sit, for example, and watch a football game on TV, literally their body is rebuilding testosterone levels. A woman, on the other hand, when she gets home, anticipating what she has to do, her stress levels shoot up even higher than at work."

Gray says that under stress, women need to be listened to and men need to be left alone. Gray says a stressed-out woman needs to talk about what's bothering her. That stimulates the release of the brain hormone oxytocin.

Knowing that oxytocin helps women feel better, Gray says men have to do more of what gets it produced."

That means more acts of love," he explains."Men have to learn, it is doing lots of little things - not big things - that will help their wives cope with stress so much better. So little things could be holding her hand, putting your arms around her occasionally, giving her a hug several times a day, noticing how beautiful she is, and making compliments."

All these little things - and they are little things, but they add up. They are the most important things to lower stress for a woman. Otherwise, she won't have enough oxytocin to cope with all the emergencies in her life."


Read full article: http://www.voanews.com/english/AmericanLife/2009-02-13-voa17.cfm

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This posting was made my Jim Jacobs, President & CEO of Jacobs Executive Advisors. Jim also serves as Leader of Jacobs Advisors' Insurance Practice.

Friday, February 13, 2009

The Cost of Auditor Independence - - CFO.com

The Cost of Auditor Independence - - CFO.com

The Cost of Auditor Independence
The line Sarbanes-Oxley drew between audit firms and their clients may have been a good idea overall, but it increased accounting risk, a new study indicates.
Sarah Johnson - CFO.com US
February 12, 2009

Excerpts:

The knowledge of a company that an external auditor gained from internal auditing lowered the chances of publishing misleading or fraudulent financial results, according to preliminary findings by professors at Brigham Young and Texas A&M universities.

"This evidence supports the prediction associated with the knowledge spillover hypothesis — the idea that external auditors are more effective when performing both internal and external audit services," concluded a paper written by Douglas Prawitt, accounting professor at Brigham Young University, Nathan Sharp, assistant accounting professor at Texas A&M University, and David Wood, a visiting instructor at Brigham Young.

Until now, there's been lots of talk about how much Sarbox — in particular, its internal-control provision — has cost companies, but little analysis of what benefits the law truly achieved, says Prawitt.

"Of all the services external auditors provided before the SOX prohibition, we believe internal audit outsourcing represents the greatest possibility for creating knowledge spillover effects," the academics said in their paper.

Their conclusion doesn't sit well with IIA president Richard Chambers, who cautions that the researchers' scope was very narrow and doesn't delve into the many responsibilities of internal auditors. "They're also looking at operational risks, compliance risks, business and strategic risks," Chambers says.

While external auditors are independent of a company and primarily focused on reviewing financial statements and attesting to internal controls, internal auditors are — in the views of the IIA — ideally working in-house, as part of the business, and their work in helping management test and document internal controls is just one of their many tasks. Internal auditors have the best understanding of any function in a company to know where a company's risks lie, Chambers contends.

Another outcome the researchers are hoping for is that communication between internal and external auditors will improve, which in turn, as their paper implies, could lead to better financial reporting by knowledge sharing. Chambers says the two groups' anxiety over being open with each other in the beginning of Sarbox has waned. "It's important for both parties to be open and receptive to each other," he says. External auditors can gain from internal auditors' knowledge by talking more regularly and informally than some do now, he adds.

Read Full Article: http://www.cfo.com/article.cfm/13111528/c_2984347
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This posting was made my Jim Jacobs, President & CEO of Jacobs Executive Advisors. Jim also serves as Leader of Jacobs Advisors' Insurance Practice.

Thursday, February 12, 2009

FORA.tv - Nassim Taleb & Daniel Kahneman: Reflect on Crisis

FORA.tv - Nassim Taleb & Daniel Kahneman: Reflect on Crisis

Note from Jim: If you're an insurance leader, you should find this 59 minute video rather insightful. You might want to prepare yourself for answering far reaching questions from your stakeholders as prompted by the ideas conveyed here.

Two prominent academics discuss the causes for the financial crises and ways of averting future recurrence. These discussions prompt subsequent questions about regulation including regulation of the insurance industry. Topics discussed include:

- The role of rare events.
- The difficulty of modeling rare events. "Rare events are not computable".
- Financial models abet irrational and foolish risk taking.
- Why people (and companies) should not be willing to take "massive risk" around rare events.
- Human irrationality about the improbability of massive risk.
- The blind folds worn by human minds. (Heuristics)
- How and why people are fooled by risk.
- The systemic absence of alignment between the long-term interests of public corporations and the short-terms interests of their "massive risk taking"" decision makers.
- "Domain Conflict" and "Moral Hazards" related to risk taking.


"Author Nassim Taleb and Nobel Laureate Daniel Kahneman discuss the intricacies of the financial crisis and its far-reaching influence. Looking forward, they offer proposals to remedy the situation and prevent it from ever recurring."

Bio On Kahneman: http://en.wikipedia.org/wiki/Daniel_Kahneman

Bio on Taleb: http://en.wikipedia.org/wiki/Nassim_Taleb

Find video here: http://fora.tv/2009/01/27/Nassim_Taleb_and_Daniel_Kahneman_Reflection_on_a_Crisis#chapter_05

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This posting was made my Jim Jacobs, President & CEO of Jacobs Executive Advisors. Jim also serves as Leader of Jacobs Advisors' Insurance Practice.

Wednesday, February 11, 2009

John Maxwell And Leadership: "The Boomerang Effect", From Slot Machine to Stock Market: Investment Strategies for Relationships

From Slot Machine to Stock Market: Investment Strategies for Relationships GiANT Impact

From Slot Machine to Stock Market: Investment Strategies for Relationships
By Dr. John C. Maxwell

Excerpts:

As I matured, I begin to place a higher value on people. As I made this transition, I noticed a fascinating development: the more I gave to relationships, the more I seemed to gain from relationships. In my book, Winning With People, I named this phenomenon The Boomerang Principle. What you put into relationships has a way of coming back to you.

During my time in leadership, I've noticed that people fall into three broad categories with regards to how they view relationships.

Instead of viewing relationships as a slot machine, picture them like the stock market. To get rich, make regular deposits in people over an extended period of time. At first, you may feel like the value of what you're putting in isn't worth the investment. However, like the stock market, in the long run, you'll reap dividends and earn rewards.

Read full article: http://www.giantimpact.com/articles/read/article_from_slot_machine_to_stock_market_investment_strategies_for_relatio/?utm_source=leadershipwired&utm_medium=email&utm_content=article&utm_campaign=lw-20090210

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This posting was made my Jim Jacobs, President & CEO of Jacobs Executive Advisors. Jim also serves as Leader of Jacobs Advisors' Insurance Practice.