Saturday, September 22, 2012

“Reasoned Audacity”

There, in “Berthe Morisot, or, reasoned audacity”, a book published by the Denis and Annie Rouart Foundation and the Marmottan Monet Museum (2005), is where I first saw the term “reasoned audacity”. And it took the breath out of  me, as did, of course, Edouard Manet’s portrait of his sister in law. 

Yes, absolutely, that´s it, I said to myself. If I was a regulator, “reasoned audacity” is what I would try to inspire the banks with, and not with the dysfunctional unreasonable risk-aversion current regulators are imposing, with their mindless capital requirements for banks based on perceived risks.

God make us daring!