The Importance of Far-Sightedness and Preparation

Being far-sighted and prepared for bad things and long-term wins is crucial. Some people tend to focus only on preparation, stockpiling supplies without investing. Others are overly optimistic, investing without considering potential risks. However, a balanced mindset that combines preparedness and investment is essential. The skills of great preparedness and investing complement each other, making one stronger in both aspects. The best time to prepare is when things are good, as it is easier to take action. This includes being prepared for catastrophes and ensuring long-term financial security.