Gray Rhino & Company CEO Michele Wucker has launched a new weekly series on LinkedIn called “Around My Mind.” Here’s how she describes it: “Around my mind is a regular walk through the ideas, events, people, and places that kick my synapses into action, sparking sometimes surprising or counter-intuitive connections. I’ll show how the topics I ponder connect in sometimes surprising ways. Many of my musings will relate to gray rhinos –the obvious yet neglected risks we face but often ignore not just despite but because they are so obvious. I’ll also spend a lot of time considering markets and…
Author: The Gray Rhino
The Chinese financial website Netease recently interviewed Gray Rhino & Company CEO Michele Wucker about the return of market volatility. You can read the article in Chinese, published October 24, 2018, HERE. The English version follows below Netease: Why have US stocks plunged? What are the reasons? Michele Wucker: The short answer is that markets have been on a “sugar high” from quantitative easing, and sugar highs inevitably end with a crash. Because the stock market is unstable, it is extremely vulnerable to shocks. There are any number of specific reasons –Turkey, Argentina, trade tensions, geopolitical uncertainty, rising interest rates, you…
Gray Rhino & Company CEO Michele Wucker gave a video keynote February 2, 2018, kicking off a special EBS Korea broadcast on the future of education in Korea. Click on the video below and forward to 12:19 to watch. The transcript is below. Annyeong Haseyo! I am Michele Wucker, the author of THE GRAY RHINO. It is an honor to speak with you today on the future of society and education in Korea. On my first trip to Korea in 2011, people told me about how the entire nation got involved in supporting students taking the Suneung College Scholastic Ability…
Gray Rhino & Company Founder and CEO Michele Wucker spoke at the World Knowledge Forum in Seoul in October 2017 on “Facing a Gray Rhino: Strategies to Manage 4IR” 회색코뿔소가 온다. Quite appropriately, it was the first time she was ever introduced by a robot! Watch the video below.
Pointing to the existence of a gray rhino -a highly probable, high impact danger that nevertheless is being neglected, downplayed, or outright ignored- is a way to create a sense of urgency toward addressing it before panic sets in. Senior Chinese officials have used the term extensively for exactly this purpose for issues from financial risk to US tax policy to urban fire safety, earning it a spot on the “Top Ten New Terms of the 2017 Chinese Media” list compiled by China’s National Center for Language Resource Monitoring and Research in December 2017. China’s President Xi Jinping keeps a copy of…
THE GRAY RHINO author Michele Wucker talks with the FT’s Matt Klein about why we don’t deal with problems we see in advance – and how to fix it- on the January 18, 2018 edition of FT Alphachat, the conversational podcast about business and economics produced by the Financial Times in New York. Each week, FT hosts and guests delve into a new theme, with more wonkiness, humour and irreverence than you’ll find anywhere else. LISTEN HERE.
Why did a multi-billion-dollar Chinese company buy a failing hotel in a tiny rural hamlet in upstate New York? National Public Radio Planet Money reporter Noel King worked at that hotel when she lived there as a teenager, so wanted to know the story behind the hotel changing hands and why the new owners hadn’t yet spruced it up. Her investigation led her to discover how China’s embrace of the gray rhino concept played into the story. Episode 802: The Hotel at the Center of the World is the result of her detective work. Scroll to 14:30 in the podcast…
Tracey Fitzpatrick of SarderTV interviewed Gray Rhino & Company CEO & Founder Michele Wucker about the gray rhino concept. Listen and watch HERE for insights into questions like: Do leaders tend to fall into a herd mentality to predict outcomes? How can leaders nurture a culture that is open to recognizing warning signals? How can leaders avoid getting caught up in the ‘muddling’ stage? How does timing play a role in removing obstacles? How do organizations keep from getting to panic mode? What are the ways leaders can free their resources to create opportunities? and more…
For your listening pleasure… Here are a few recent recordings of Michele Wucker talking about gray rhinos with some of the smartest radio and podcast hosts out there: WGN Radio Business Lunch with Amy Guth July 22, 2017 Author of The Gray Rhino, Michele Wucker, comes to the studio to discuss her book and the role it played in crashing the Chinese stock market. Click to LISTEN When the Gray Rhino Hits Asia July 14, 2017 Carnegie Council Asia Dialogues podcast with Devin Stewart. A wide ranging conversation about the psychological components of the gray rhino, clear and present dangers in Asia,…
Gray rhino theory is spreading in China. On July 16, the term was mentioned in a review of the National Conference on Financial Work, followed by an editorial on the front page of the official People’s Daily. On August 3, 2017, CGTN “World Insight” host Tian Wei spoke with Michele Wucker, who created the concept, to find out if there are any gray rhinos coming China’s way. Watch a video excerpt below and/or read more HERE.