yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

My Tips for Dealing with Uncertainty Like What the U.S. is Facing Today


2m read
·Nov 8, 2024

But what can the individual do? And just to summarize, what can the collective do to stop or slow the decline that clearly, you know, you can measure has occurred?

First, be financially strong. Have a good income and balance sheet. Think about how many months or years you could live if you didn't have an income. The more financial security you have, the more maneuverability you have both to protect yourself on the downside and to take advantage of opportunities.

Know how to achieve a balanced portfolio; this is very important, I think, financially. And then, be with people—your community is the source of happiness. Psychologists have studied that, above a basic level, income is not a source of happiness. Community is the highest ranked source of happiness.

So, how you work well with others is crucial. I think meaningful work and meaningful relationships are vital to being productive and to also have the joy of those relationships. I think it is of paramount importance.

Then, also realize what the risks are. That's why I wrote them in the book. You know, the risks of—well, there are many kinds of risks. Do you understand those risks? And where are you? Where do you live? What are those risks?

It’s important to recognize that the world is domestically and internationally breaking into different ideologies and different economic systems, really. That happens state by state, as well as around the world.

Understand which are the places that are the best for you in those circumstances, and be aware of those risks.

More Articles

View All
Worked example: Identifying isotopes and ions | Chemistry | Khan Academy
An isotope contains 16 protons, 18 electrons, and 16 neutrons. What is the identity of the isotope? I encourage you to pause the video and see if you can figure it out. I’ll give you a hint: you might want to use this periodic table here. All right, so I…
How Do Cartels Get Their Weapons? | Trafficked with Mariana van Zeller
[engine revving] [suspenseful music] MARIANA VAN ZELLER: In my quest to expose how American guns are trafficked throughout Mexico, I never expected to be headed out to sea. But as we move deeper into the waters, these smugglers break down their operation…
Quotients that are multiples of 10 | Math | 4th grade | Khan Academy
Let’s solve 240 divided by three. To solve this, we could take this large three-digit number and divide it by a one-digit number, or we could take what we know about tens and zeros and try to break this up into numbers that might be easier for us to work …
These Liquids Look Alive!
Watch what happens when I place some small drops of food coloring on to this slide. Some are attracted to each other and merge, while others repel and chase each other. It looks just like the tiny world of micro-organisms, but why? Well, if you want to t…
8 movies that will quickly improve your life
Here are 8 movies that improved my life, and maybe they’ll improve yours too. Number one: Catch Me If You Can. Catch Me If You Can is a 2002 film that is a true story. Obviously, there are probably some dramatic elements, and it stars Leo DiCaprio and To…
Charlie Munger: How to Invest for 2021
I remember that I did not make my fortune, such as it is, by predicting macroeconomic changes better than other people. What Bubba and I did was we bought things that were promising, and then we just—sometimes we had a tailwind from the economy and someti…