What comes first—talking about the crisis or the actual crisis?
What if we only think we are doing ourselves a favor by predicting and taking measures to avoid the inevitable, when, in reality, it is only making that thing we don’t want to happen, happen?
I’m seeing a lot more articles about the next recession. They’re from well- intentioned economists and analysts who 1) want to propel themselves as thought-leaders and/or 2) warn and inform people so that society is prepared for what is to come. Are they doing more harm than good, though? Sure, it’s important to plan and prepare, but how we allocate our energy matters. And now, instead of focusing on earning and growing the economy, we’re pulling money from our investment accounts and worrying more about saving than earning.
If you can defend, you will certainly put yourself in the running for a championship. But if you can defend and you have a high-powered offense, you’ll be in contention every year. What I mean is, taking precautionary measures is important, but not at the expense of moving things forward.
If you are winning and winning big, don’t let your foot off the gas pedal. Play to win rather than play to not lose. If you’re spending your time worrying about the inevitable, the inevitable will happen. People can sense worry. They know what desperation looks like. And the subsequent ripple effect of hoarding and clinching is a quick race to the bottom.