“Wind extinguishes a candle and energizes fire. Likewise with randomness, uncertainty, chaos: you want to use them, not hide from them. You want to be the fire and wish for the wind.”
― Nassim Nicholas Taleb, Antifragile: Things that Gain from Disorder
When the world is runnin’ down
You make the best of what’s still around
— The Police, When The World Is Running Down
I’m not a stockbroker or day trader betting against the market, but I imagine a few of them have that Taleb quote taped to their computer monitors. No, I’m simply a fan of being more antifragile in a world that is a bit chaotic at times. As this is published, I’ve been forced off the grid. December storms rolled up the East Coast of the United States and eventually arrived in New Hampshire, knocking out power in some communities, including the one I call home. Lucky me.
A bit of resiliency goes a long way when you own a home, and having a generator or battery backup is essential to maintaining some measure of normalcy when things go dark. Solar panels can charge battery banks that in turn offer clean backup power when the power grid fails you. Whole house and portable generators offer a reliable, if louder, alternative. Judging by the neighborhood when the power goes out, the clear winner is the portable generator. Most purchased in desperation during some previous storm outage. So it goes with such things—we don’t think about resiliency and failover options until we’re faced with an urgent need for it.
Some people don’t have that luxury. Boaters need a backup should the engine fail. Even sailors need power for communication and to keep the perishables from perishing (food and people alike). Failover engines, generators and batteries offer quiet insurance for the moment things go awry. My friends over on Fayaway have several blog posts describing their redundant systems. On a sailboat the engine itself is redundant, as they’d clearly prefer to be sailing. Steering systems, communication systems, propulsion systems and in the absolute worst case, staying afloat systems are just some of their redundant systems.
A strong failover game can save the day on a boat, in a remote cabin, on a hike to potentially lethal places, in the automobile we commute to work in, and yes, on a quiet cul du sac in New Hampshire. We ought to apply this to our finances, our support network and anything else that would be really unpleasant or catastrophic should it fail. Every life should have a primary plan with at least one contingency plan, for we are playing chess in this lifetime, not checkers.
Asking ourselves, “What is the worst that would happen if X happened?” leads to answers on how to mitigate the impact of that worst case scenario. We all learned a bit about resiliency during the pandemic, didn’t we? The world is a bit off-kilter nowadays, don’t you think? Weather, wars, political upheaval, active shooters and the occasional shark attack. When the world is runnin’ down, you make the best of what’s still around.
We must continuously build more resiliency into our life. A life jacket is not worn as a fashion statement, and a backup plan is never a waste of our time, even if never used. So be prepared, as any Boy Scout would insist. Be the fire that wishes for the wind.
