Predictions, Decisions and Getting it Wrong

It's 2008. The economy is taking a nosedive. The government is bailing out the country's top mortgage lenders. And Doug Duncan walks into a new job at Fannie Mae. The ship has steadied over the past 15 years and Duncan, the senior vice president and chief economist, has kept his core values intact: good communication, a commitment to the truth, and a willingness to make decisions. On this episode of the Voices of Experience podcast, Duncan relays how he makes predictions (knowing full well he could get it wrong), his best advice for clear communication and the "big breaks" that put him where he is today. Table of contents • 1:04 From dairy farm to chief economist • 2:55 Joining Fannie Mae in 2008 • 6:24 Getting to "The Truth" • 9:48 Making predictions and getting it wrong • 10:59 Most important lesson in leadership • 12:29 What to expect from the housing market • 16:09 "Big breaks" in Doug's career • 19:13 The importance of communication • 21:02 Show notes and credits