Author: The Gray Rhino

Why do we often neglect big problems, like the financial crisis and climate change, until it’s too late? Policy strategist Michele Wucker urges us to replace the myth of the “black swan” — that rare, unforeseeable, unavoidable catastrophe — with the reality of the “gray rhino,” the preventable danger that we choose to ignore. In this TED Talk, she shows why predictable crises catch us by surprise — and lays out some signs that there may be a charging rhino in your life right now. This talk was presented at an official TED Salon event February 1, 2019, and was…

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Marketwatch reporter Anneken Tappe interviewed Gray Rhino & Company CEO Michele Wucker about the origins and use of the term “gray rhino,” after Chinese President Xi Jinping’s reference to gray rhinos helped to push down US stocks by hundreds of points. Read the article here:  5 Questions with the Woman Who Coined the Term “Gray Rhino.”

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The Chinese financial news site, Netease, interviewed Gray Rhino & Company CEO Michele Wucker about the implications of US Federal Reserve policies. Here’s the interview in English: There was a view that Fed’s interest rate hike process will be reversed in December. But, finally, a tough rate hike was adopted. What is the reason? The Fed followed through with its rate hike as part of its long-term goal of trying to normalize monetary policy. Many market observers, and the Fed itself, have long worried about unintended consequences of the very loose monetary policy of the past decade. It cited a…

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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…

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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…

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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…

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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…

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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.

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