The 2015 Behavioural Finance Forum

I won’t be able to get over to it myself, but tomorrow morning (8am – 10am) there is a very interesting Culture Change event happening in London, the 2015 Behavioural Finance Forum: “Since the financial crash of 2007 and 2008 there has been huge pressure for reform and change in the culture of the financial services industry – and how it recruits, rewards and motivates its people, how it treats its customers, and how it communicates with its shareholders. The Forum will bring together thought leaders from the leading financial and professional services companies, universities, business schools and the media, to discuss and debate: A war for talent: why recruitment models need to change Culture change in action: the balance of ethics, risk and profit Serving, not selling: culture change and customer relationships Big Data tsunami: HR, technology, change” For more information and some interesting Culture Change resources, visit:  http://www.behaviouralfinanceforum.com

Frog Soup

The most significant unhelpful changes in any environment aren’t usually heralded by drumrolls or the sound of trumpet fanfares. Although it would be terribly helpful if they were. Frog soup. It is widely reported that if you take a frog and drop it into a pot of boiling water it will immediately jump out of it before it has achance to say “rebbit!” However, if you were to put a frog in a pot of cold water and slowly raise the temperature of the water in increments, the wee frog will swim about quite comfortably in the water, not noticing the subtle changes as the temperature rises, until such time as he’s not noticing anything at all, having been boiled alive. I’m guessing this story may not have been tested under laboratory conditions, or even have been certified by the Humane Society, but the meaning of it is hard to ignore – if changes and escalations are small, slow, and subtle, it is very easy to miss the woo d for the trees and not be aware of the bigger picture, that conditions can become harmful to us without us even noticing. If we’re going to be frogs we need