Subject: Re: War, currencies and jurisdictions
Why don't you guys just stop making up stories to scare yourselves?
"The premise: Through the preparation of the mind for the potential worst-case scenarios, we can more aptly avoid such outcomes." ~Charlie Munger
Munger advocates for mental preparation and realism. He warns against the "ostrich effect"—ignoring uncomfortable realities—and stresses the need to confront and plan for unpleasant possibilities, rather than burying your head in the sand.
"Sometimes the key to great investing is to simply avoid stupidity. One really bad mistake can ruin a year of gains. Poof. Gone. But that’s where I believe inversion is essential.
Don’t act before you’ve thought through the worst of the worst. Work backward and then decide if you can manage it." ~Charlie Munger
"Invert, always invert." ~Charlie Munger