Learn more about problemsolving with this collection
How to close the deal
How to handle objections
How to present your value to your employer
The biggest economic risk
The biggest economic risk is what no one’s talking about. If no one is talking about it, no one will be prepared, and the damage will be amplified when it arrives.
In recent years, people cited the trade wars and election as risks. It is the same risks, repeated over and over. People may be worried, but no one is surprised. A business may be concerned, but many have prepared. Compare that to what, in hindsight, have actually been the biggest risks.
100
145 reads
MORE IDEAS ON THIS
When risks turn into disasters
What turn events into disasters is that few discussed them even moments before they occurred. They were surprises. People affected did not prepare, either mentally or with actions. They could only react, often surrounded by panic.
Two things happen with surprises:
- You beco...
116
152 reads
A better direction
- Expect that risk will arrive when you don't expect it. Don't rely exclusively on forecasts – almost all of which are either nonsense or about things that are well known.
- Give yourself a wide berth. If you think recessions will reduce your wealth b...
125
175 reads
Risk and preparation
Risk is more than something bad happening. How risky something is, depends on whether you're prepared for it. A small thing out of the blue can be deadly.
We should also remember this when thinking about the economy and our investments.
143
296 reads
CURATED FROM
IDEAS CURATED BY
Related collections
Other curated ideas on this topic:
Risk is what you don’t see
The risks we talk about are seldom the most important in hindsight. The real risk is what no-one sees coming. For example, September 11th, Pearl Harbor, The Great Depression. These events surprised nearly everyone and instantly shoved the world in a new direction.
The ego-depletion myth
One of the most popular folk psychology may be the belief that self-control is somehow "spent."
The idea received support in the late 1990s and has been cited over three thousand times by academic peers.
The biggest winners of bitcoin
On January 3rd, 2009, a few months after the publication of the original whitepaper, the first lines of code were committed to the bitcoin blockchain by Satoshi Nakamoto. But Nakamoto vanished. No one has discovered who Satoshi was or is, though many have tried.
The initial idea of bitcoin...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates