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Tuesday, December 05, 2017

You're Just Not Prepared For What's Coming

I hate to break it to you, but chances are you're just not prepared for what’s coming. Not even close.

Don't take it personally. I'm simply playing the odds.

After spending more than a decade warning people all over the world about the futility of pursuing infinite exponential economic growth on a finite planet, I can tell you this: very few are even aware of the nature of our predicament.

An even smaller subset is either physically or financially ready for the sort of future barreling down on us. Even fewer are mentally prepared for it.

And make no mistake: it's the mental and emotional preparation that matters the most. If you can't cope with adversity and uncertainty, you're going to be toast in the coming years.

Those of us intending to persevere need to start by looking unflinchingly at the data, and then allowing time to let it sink in. Change is coming – which isn't a problem in and of itself. But it's pace is likely to be. Rapid change is difficult for humans to process.

Those frightened by today's over-inflated asset prices fear how quickly the current bubbles throughout our financial markets will deflate/implode. Who knows when they'll pop? What will the eventual trigger(s) be? All we know for sure is that every bubble in history inevitably found its pin.

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3 comments:

Anonymous said...

Let her rip tater chip, I ain't scared!

Anonymous said...

Yes, bubbles burst all the time. Yes, some people with all their eggs in the same overinflated basket will get hurt. So, rebalance your portfolios when your best asset gets too rich.
And on the flip side, certain industries will continue to see exponential expansion as we migrate from one way of doing things to another. Look at amazon, electric cars, cell phones. You have to adapt.

Anonymous said...

813
Rebalance your portfolio?

LOL

You don't understand the article my friend.