Skip to main content


Margaret McConnell is a Black Swan Hunter

McConnell is the kind of person who gets worried when everyone else thinks the outlook is bright.
She had a “flair for darkness,” Timothy Geithner, the former Treasury secretary and Dudley’s predecessor as New York Fed chief, said in his crisis memoir “Stress Test.” That’s one reason why he chose her to be one of his closest aides.
“She would always ask the awkward question, the uncommon question,” Geithner said in an interview. “She was a famously curious person, and deeply skeptical about received wisdom.”
The challenge for the Fed is how to harness that kind of contrarianism into an institution that’s intensely focused on mission-critical daily tasks.
#NY #Federal #Reserve #skeptic #contrarian #Applied #Critical #Thinking #BlackSwan #Hunter #mistakes #monetary #policy #psychology #complex #systems #economics #banking #markets #politics #behavior #science #money

People who think differently are invaluable for teams and organizations. They find solutions others don't and foresee problems others can't so they can avoid those problems.

@Samuel Smith and yet, we're hassled and drubbed out.

People generally are uncomfortable with those that think differently. What to do about it, I don't know. It's frustrating to see a problem, but feel impotent to improve the situation.