Our ability to foresee and protect against life’s uncertainty has never been greater, yet we consistently fail to heed the warnings of calamity that put ourselves and our families at risk.
The SBF and the FTX Alameda fiasco was another reminder to err to the side of caution. As investors put tremendous amounts at risk in search of high returns, who stopped to ask what expertise might be behind the underwriting assessments on the financial instruments generating such returns. SBF was certainly not going to tell anyone it was Caroline Ellison using “arithmetic”. How quickly everyone forgot about Madoff. But we hear what we want to hear and our mental models make us believe if a celebrity shill such as Mr. Wonderful in all his hubris, says he did all the due diligence then we’re all in, what more do I need to know. Well, a lot. Remember about people like Mr. Wonderful, the problem with patting yourself on the back too much is your hands aren’t free to break your fall.
The depth of devious actors in this travesty is only just being revealed. The light got turned on in the room and the rats are now hiding in the walls and its time to tear down the walls.
As global dynamics continue to deteriorate and an economic crisis looms, we are being forced, if not at least motivated to examine our current reality and examine how we approach a personal risk mitigation strategy in all aspects of our lives and be prepared. As Laurence Gonzales reveals in his book Deep Survival, “The human brain is particularly well suited to making complex plans that have an emotional component to drive motivation and behavior. Plans are stored in memory just as past events are. To the brain, the future is as real as the past. The difficulty begins when reality doesn’t match the plan.”
A panicked mind is a useless mind
I will add that many, have no plan or the one they do have is grossly inadequate. When things unravel, they usually unravel relatively quickly and when they do you better have a plan, if you don’t your screwed. It took FTX 48 hours, hopefully, you had your crypto on a Hardware Wallet. Yet in fairness, many are just trying to survive the day-to-day.
Panic Is Not A Strategy examines key areas that affect our daily lives; global affairs, health, finance, technology, travel, safety survival, and the emerging world of decentralized identity, trusted digital assistants, and digital payments. It then delivers exceptional solutions, products and others commentary that provides assurance to our personal lives, our family, and our community to securely prepare for the future.
We draw on the wisdom of many, past and present, such as Fritjof Capra in his pivotal book The Turning Point, Laurence Gonzales’s, Deep Survival, James Rickard, The Ostrich Paradox as well as the genius of Dwight Schrute to name a few.
The goal is to empower you to view your world in new ways and to deliver vetted solutions that you can engage in, creating a safer environment for you and your family.
Sometimes it’s something as simple as toilet paper. How many people during Covid 19, found themselves searching stores for TP, to no avail? Poor planning is preventable, of course. Now, fast forward as you plan for your senior years, when Morrie, who has ALS, in Mitch Albon’s book, Tuesdays with Morrie, shares… “Well, Ted, one day soon, someone’s gonna have to wipe my ass.”
Getting prepared isn’t an obsession, it’s a relaxed, empowered way of thinking about life and situational awareness so you can live it to its fullest. If shit happens, you’ve got things covered because you know that a panicked mind is a useless mind. It’s trusting your intuition and having a sense of wonder to learn so that when the markets crash, you haven’t overextended yourself or invested in FTX. Or if you have an emergency and the only one who knows about it is you, you know you left a plan with someone and know to wait for help.
Become part of this community, and share your insights, comments, and yes, mistakes. The genius is in the collaboration. Consider enrolling your family in a mindset of empowered preservation. Make it fun, make it routine, and realize panic is not a strategy.