#foreseeable

Flag of Wales but the dragon is not an essential employee and will thus be staying at home as much as possible for the foreseeable future

Prevention isn't trivial. In his book 'The Most Important Thing', the American hedge-fund manager Howard Marks tells a story about a gambler. "One day he heard about a race with only one horse in it, so he bet the rent money. Halfway around the track, the horse jumped over the fence and ran away." Henry Kissinger referred to these mistakes as a "lack of imagination." Prevention requires more than just knowledge; it requires imagination, and imagination, sadly, is frequently misunderstood. Many people assume it means letting your mind wander while you're drinking a glass of wine. Unfortunately, this is unlikely to produce any new ideas. Imagination means forcing yourself to think possibilities and consequences all the way through - until the last drops of juice have been squeezed out. Yeah, imagination is hard work.

Especially so, you might be thinking, when it comes to looming problems! Do you really have to keep harping on potential disasters? Won't that just get you down? Experience says no. According to Charlie Munger: "All my life I've gone through life anticipating trouble It didn't make me unhappy to anticipate trouble all the time and be ready to perform adequately if trouble came."

I recommend spending fifteen minutes a week focusing intently on the potential catastrophic risks in your life. Then forget all about it and spend the rest of the week happy and carefree. What you're doing in those fifteen minutes is called a pre-mortem. Imagine, for example, that your marriage is on the rocks, you've suddenly gone bankrupt or you've had a heart attack. Now track back, analyzing what led to this (imagined) catastrophe - right down to the underlying causes. As a final step, try to address these issues so that the worst never actually happens.

Of course, even if you do all this regularly and conscientiously, you'll still overlook dangers and make the wrong decisions. Those unavoidable disasters can be mitigated by facing up to reality and tackling problems straight away. But in terms of foreseeable difficulties, it's easier to avoid them than to resolve them. Wisdom is prevention. It's invisible, so you can't show it off - but preening isn't conducive to a good life anyway. You know that already.

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AI: For The Foreseeable Future, It Stays A Instrument, Not A Panacea

Nelly Furtado is taking a break from the stage. On Friday (Oct. 24), the 46-year-old pop veteran announced on social media that she’s stepping back from live performances for the “foreseeable future” to focus on new “creative and personal endeavors.” The decision comes as she reflects on how fans have reconnected with her music in recent years. “I have decided to step away from performance for…

[News] The Gaza Humanitarian Foundation program has produced huge crowds near Israeli troops, who opened fire multiple times, according to humanitarian experts, witnesses and visual evidence. [English News] Source link