The world is chaotic, crazy even. The exogenous shocks are numerous, impactful and all beyond our control. So how do normal families, living normal lives in reasonably modern nations navigate these times? We do so with mitigation, the long term systemic changes to our lives that insulate us from external effects. We add preparedness, the pre-event decisions we make to be ready to navigate exogenous shocks. These intentional decisions create resilience as a by product, allowing us to absorb and if necessary, respond and recovery from an event.
We discuss funnels, the flow of events from global to local, and offer a series of questions to determine whether this is something of concern. The answers to those provide the information to build mitigation and preparedness. A simple recipe.
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