Hindsight

The Devil’s Advocate™ →Go uptown In which the curmudgeonly old sod puts the world to rights. Index — Click ᐅ to expand: The Devil’s Advocate Tell me more Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

'''JC''': [At the end of a characteristically rambling rant] “... so, I ask you: why is it we did such a bad job of stopping catastrophic risks from happening? LTCM, Amaranth, Enron, Global Crossing, Kerviel, Madoff, Bear Stearns, Lehman, LIBOR, Abolodoli, Theranos, London Whale, Mossack Fonseca, IMDB, Wirecard ...

Middle manager: [interrupting]: simply put we were not proactively looking for it we were not using data properly to evaluate risk. To add value as an in-house legal function we need to use innovative tools to crunch data, proactively spot emerging risks and escalates to business.”