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Think Fast Talk Smart: Communication Techniques
97. No Rules, No Trust: How Accountability Shapes Communication
Jul 11, 2023
20:30
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Quick takeaways
- Trust and accountability are essential for good governance in corporations, markets, and governments.
- Transparency and clear communication in finance are crucial to counteract attempts to obscure or manipulate facts.
Deep dives
Importance of Communication in Finance and Banking
Effective communication is crucial in finance and banking to bridge the gap between complex concepts and the average person. By starting with familiar topics like deposits and mortgages and gradually introducing more advanced concepts, such as corporations, balance sheets, and bank runs, finance experts can make the subject accessible. Analogies related to safety and regulations can help engage a broader audience and facilitate understanding. Communication also plays a vital role in challenging powerful and entrenched viewpoints, as it involves unpacking complex ideas, finding common ground, and persistently conveying one's perspective.
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Listen to the best highlights from the podcasts you love and dive into the full episode