8. Unknown

Prepare for the unknown by studying how others in the past have coped with the unforeseeable and unpredictable- General George Patton

A lot of time, we lack the experienced information we need to choose the best options going forward. It is often with the benefit of hindsight that we see things more clearly. And it is often very costly. Today’s 15 minutes explores one way to limit crisis…

each day we step into the unknown

as sailors in search of new lands, we set sail

we hope, but cannot leave it alone at that

most important we make decisions

decisions that could mean life and death

how often have we got decisions wrong?

how often do we move on

ignoring the lessons because it didn’t cost more than money

or an angry response that soon gave way to warmth

if much more depends on our decision-making

how will we forestall the unpleasantness of the unknown?

the unknown has too many moving pieces for one to see all at once

I would build a margin of safety in my decision-making

if only to reduce stress and the unknowns’ capacity to overwhelm

a safety margin is a buffer

a buffer between what you expect to happen and what could happen

apply it to time management

apply it to investing

apply it to personal finance

apply it to project management

apply it to relationships

things must not have to go perfectly for you to get results

if it does then you’d hardly ever get results

safety margins reduce the unpleasantness of the unknown


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