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It’s kinda funny how global political and corporate leadership has clearly decided to learn nothing from Covid. Nice that we got new vaccine technology out of it, but otherwise it’s “carry on, nothing to see here.” Just a bunch of shock debt.
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I don’t entirely blame them. The lessons as currently being discussed are way too abstract to be actionable “Hedge against China” “Run more fat, less lean.” “Diversify business models” What actually changed: Orgs: buy zoom and sanitizer Individuals: more toilet paper
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The biggest deep, lasting change needed is to run more fat. Give up some capital mobility efficiency for resilience. I need to dust off my old material on fat thinking and expand it to TED-talk level grand theory. I’ve been mailing it around more than usual but it’s too modest.
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Yep. In control theory we used to call it the performance-robustness tradeoff. The only way to loosen it is to add more actual knowledge.
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