Lesson 08 Dialogue Hedging Bets
Leah: Ugh! Did you see today's headline and stock index in the Financial News?
The forecast is for anemic demand, and our sector looks all but moribund for the foreseeable future.
Morgan: It's wretched. All these blind spots lurking in the economy were really of our own devising.
A bit more due diligence?ayou know, fact checking and asking the hard questions?awould have spared us all this trouble.
Leah: I think it is about time that every company appoints a CRO, a Chief Risk Officer.
You can't be too sure of anything these days!
Morgan: Right! With more expertise, we could simulate the possible consequences of our ventures.
Leah: Yep, being able to winnow out the toxic options is a big part of handling dilemmas and averting catastrophes.
Morgan: The aftermath of this crisis has yet to be seen it its full scope.
We should be agile to respond to further fallout.
Leah: To make matters worse, I fear trade embargoes could disrupt trade and balance sheets across the board, not to mention the national budget.
Morgan: Well, action is almost always better than inaction, so really I fear too much paralysis on our part. I want to stay nimble.
Like Steve Jobs said, "Stay Hungry. Stay Foolish."