The Science of Success Powerful Tools For Dealing With Uncertainty with Josh Kaufman
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Sep 23, 2023 
In this episode, returning guest Josh Kaufman shares powerful strategies for dealing with uncertainty and making better decisions. The podcast explores the concept of uncertainty and the importance of recognizing and accepting it. It discusses the power of multi-disciplinary thinking and the benefits of borrowing ideas from different fields. The podcast also emphasizes the value of flexibility and adaptability in changing environments. Additionally, it explores how systems thinking can be applied to business and understanding the world from a systems standpoint.
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Uncertainty Is Part Of Reality
- Uncertainty is an ever-present, unavoidable part of reality that shapes decisions and plans.
- Planning that accounts for uncertainty produces different, more resilient choices than hoping nothing unexpected will occur.
Create Financial Buffers
- Build buffers like emergency funds and strategic reserves to absorb shocks or seize opportunities.
- Open lines of credit or set aside cash so you can respond quickly when uncertainty materializes.
Decide By Permanence And Impact
- Categorize decisions by permanence and impact before acting to choose an experimental or deliberative approach.
- Use low-impact experiments to gather information and reserve deliberation for high-impact, semi-permanent choices.