19 May 2017 The Unexpected
Posted at 14:09h
in The Friday Brief
We plan for the expected, but the unexpected so easily and so often wrecks our plans. It's why most folks don't plan. They view it as a futile exercise in an increasingly complex and chaotic world.
Increasing uncertainty doesn't render planning any less useful than seat belts and airbags are in a crash. Not knowing what to expect in the future screams for the preparedness of planning.
You might be tempted to think, as I often am, that the business of money is fairly straightforward. Some spreadsheets here, some Monte Carlo testing over there, some budgeting along the way, and ding ding ding! There you have it: A wonderfully black and white sort of product with very little wiggle room for uncertainty, or, more to the point, humanity.