In a world filled with uncertainty and risk, managing and mitigating such dangers can seem like an unsolvable puzzle. However, sometimes it’s better to accept the dangers of life when there’s nothing you can do to prevent them. For example, while the smoke and ash from Popocatépetl volcano’s latest eruption have prompted the Mexican government to raise the warning level, there’s no practical way to evacuate 25 million people from a single area. One option would be to move, but then you would face a different host of dangers. In the case of Pompeii, the warning signs were evident but frequently ignored, resulting in the city’s destruction when Mount Vesuvius erupted.
In the United States, investors are focused on interest rates and the stock market indexes, but decades of bad decisions have contributed to financial and societal turbulence. Many cities across America are unlivable, with rampant homelessness, drug addiction, and crime. It’s impossible to account for all uncertainty, so why not keep things simple? An equal mix of gold, cash, shares of good businesses, and property could do the trick, and setting aside a few dollars to speculate on the trendy mirage of Artificial Intelligence (AI) might be fun. Ultimately, in the face of uncertainty, the best preparation is to make the best use of the means available to you, enjoy the people you have to spend time with, and cherish every moment.