2024-11-10
1 小时 31 分钟You're listening to tip.
Hi, folks.
It's great to be back with you here on the Richer, Wiser, Happier podcast.
As you and I both know, we've been going through a period of extreme change and uncertainty in the world.
Wherever you look, it seems like everything's getting shaken up politically, economically, socially, technologically.
Just look at the tumultuous, polarized, and highly charged political situation here in the United States.
Or look at the geopolitical crises in the Middle east and Ukraine.
At the same time, we're experiencing the destabilizing forces of increasingly extreme weather events, and technological advances are transforming the way we live and work at a speed that almost takes your breath away.
Given the rise of artificial intelligence, it seems certain that the pace of change that we're already experiencing is only going to accelerate.
Faced with this maelstrom of change and uncertainty, how can you and I maintain our emotional equilibrium and our mental clarity so that it's possible to think and act wisely?
How can we be calm and balanced so that we can not only make smart decisions in markets and in life, but can also provide a measure of stability and reassurance and sanity to the people who depend on us?
In chapter three of my book, Richer, Wiser, Happier, I focus in some depth on this fundamental problem that everything changes and that the future is unknowable, and yet we still need to make decisions that will hopefully position us well for the future.
As you may recall, the main character in that chapter is Howard Marks, who oversees more than $200 billion at Oak Tree Capital.
Howard told me, it's clear that the world is changing all the time, unpredictably, at incredible speed.
Nothing is the same anymore, he said.
And for people whose approach to life is based on sameness, that must be very upsetting.
As Howard explained to me, it's crucially important to recognize that change is inevitable and that we can't expect to control our environment.
Instead, he says, we have to accommodate to our environment.
We have to expect and go with change.
This subject of how to handle change and instability and disorder is the central theme of today's episode of the podcast.