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#299: Morgan Housel – Happiness, Fame, Reading, ChatGPT, & Optimism
The Danny Miranda Podcast
Preparing for Risks That You Can't Imagine
If you are only preparing for the risks that you can foresee, you're going to miss a surprise every single time. The average restaurant in the United States had enough cash on hand to survive for 14 days during COVID lockdowns of 2020. "A huge, huge majority of people and businesses are not prepared mentally or financially for risks that we know are going to occur," he says.
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