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Dimensional Fund Advisors Co-Founder David Booth on The Birth of Modern Finance and Embracing Uncertainty in Investing
50 Fires: Money and Meaning with Carl Richards
Embracing Uncertainty and Adapting to Change
Humans excel at handling unexpected situations, similar to a 'MacGyver moment,' but struggle with predicting the future. The key skill is not foreseeing outcomes but being equipped to navigate changing circumstances with a set of tools and mindset to adapt. This adaptability is crucial in both personal life and investment, emphasizing the importance of managing risk and uncertainty by focusing on what can be controlled and making informed decisions.
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