I have to save it here because otherwise it’s gone.
When most people look at their risk, they basically look at it from the inside out.
They look at it like a passenger on the Titanic.
They’re only worried about falling overboard.
Seldom do people look at it from the outside in.
The ship going down.
The higher order risk.
https://twitter.com/paulportesi/status/1625041291464826881?s=46&t=vaH1mvM_0eTL9UkcABDhow
To which the provocative reply is:
Invert. Imagined not viewing as the passenger. You’re the captain.
https://twitter.com/grantssc/status/1625042051963428865?s=46&t=vaH1mvM_0eTL9UkcABDhow
I often think of the systemic risk but am unable to see what I, a passenger on the S.S. Federal Reserve (for instance) can do to mitigate the systemic risk.
But I always saw myself as a passenger, therefore largely helpless. The best strategy I could imagine is to stand near the lifeboats and have a backpack of emergency supplies. Metaphorically speaking.
Better thinking is required. The reply changed my frame.