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Wall Street will keep incentivizing reckless risk.
That'd be an enormous, perhaps even reckless, risk.
It seems like a reckless risk, but perhaps he had gotten away with so much, so often, that he had begun to feel invulnerable.
Being bold and confident to the point of arrogance is a good example; so is being puckishly mischievous, with an enormous appetite for reckless risk.
Mr. Arnott says he likes the higher relative yields and expects the "illusion of reckless risk" often attached to emerging-market debt to abate.
Citigroup had one highly visible asset that Lehman did not: Robert Rubin, the former Clinton Treasury secretary who sat passively (though lucratively) in its executive suite as Citi gorged on reckless risk.
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Behavioral manifestations: Manipulative charm, reckless risk-taking, boredom, impulsivity.
Skewed compensation incentives clearly drove some of the reckless risk-taking that led to the crisis.
The government's goal is to reduce incentives to reckless risk-taking.
And we will make sure that pay and bonus policies incentivise smart decisions, not reckless risk-taking.
"Courage is not a belief in invincibility, silly messianism, thoughtlessness or reckless risk-taking," said Catholic bishop Anthony Muheria.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com