After Chinese President Xi Jinping’s annual New Year’s address, it has become an annual tradition for Chinese media to scour his bookshelf for new titles. In 2018, the new books include The Gray Rhino: How to Recognize and Act on the Obvious Dangers We Ignore, which was released in China in February 2017.
Other new economics books include textbooks on ecological economics, W.W. Rostow’s 1960 classic The Stages of Economic Growth: A Non-Communist Manifesto, and Money Changes Everything by William N Goetzmann. The bookshelf also included texts on understanding artificial intelligence, augmented reality, and machine learning, including The Master Algorithm by Pedro Domingos and Augmented by Brett King. Very good company!
Read the whole list here in Shanghaiist or, if your Chinese (or your browser translator) is good, a longer article on qq.
THE GRAY RHINO is now available in Taiwan via Commonwealth Books.
Zhang Bo Song reviewed the book on Inside: “One of the hottest topics of the year is the Grey Rhino. If you don’t understand what the gray rhino is and what’s the difference with a black swan, be sure to take a look at this book. Because you don’t want to wait until the grey rhino is charging at you: you want to act.”
Economic Daily: Don’t Turn a Blind Eye to a Gray Rhinoceros Crisis April 17, 2017
Tai Zhong, DWNews Taiwan “Gray Rhinoceros Phenomenon and Taiwan government” April 26, 2017 “In April 2017, the financial book “The Gray Rhino: How to Recognize and Act on the Obvious Dangers We Ignore” caused the attention of Taiwan’s people, Then “gray rhinoceros” following the “black swan,” became a common word on the media.”
September 2, 2016
The European Union has known since the creation of the euro that the currency was bound for trouble if did not create workable ways to adjust for the wide differences among its national economies. Yet well into its second decade, its failure to do so threatens the currency’s future. The deadly defects in ignition switches and airbags at General Motors and Takata, and the emissions test fixing at Volkswagen were hardly a secret inside the companies, which covered them up instead of correcting them. Despite overwhelming scientific evidence of climate change caused by human activity, temperatures keep rising, with this July marking the hottest month ever recorded.
The reasons are different in each case, but the pattern is the same: humans consistently fail to respond to looming dangers, at astronomical costs in lives, money, reputation, and lost opportunities. Once you start looking at how many crises began with clear but essentially ignored warning signals, it becomes strikingly clear how often we miss opportunities to head off predictable problems.
Too many people take for granted that we cannot react in time to change the course of the disasters even when they are right in front of us. It’s well past time to challenge this assumption.
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When I was in New York City recently, I sat down with Dan Gross to record the inaugural “Talk My Book” podcast on strategy+business, talking about how to avoid gray rhinos. Listen HERE.
Was the Brexit vote a highly improbable black swan or an obvious gray rhino?
Read my thoughts on Seeking Alpha July 1, 2016, to find out.
I had a great time talking about THE GRAY RHINO with Steve Sanders on WGN TV’s Midday Fix June 6, 2017. We covered a range of gray rhinos, from Chicago’s finances to the 2008 financial crisis to climate change to the things we ignore in our personal lives.
Watch by clicking on the image below: