Chapter
Uncertainty in the Time of Crisis
49:34 - 54:40 (05:05)
The current situation has led to a high level of uncertainty, causing people to be cautious about predicting their future. The pandemic has caused much anxiety and difficulty in many people's lives, leading to a sense of hesitation in facing the unknown.
Clips
People are struggling with not having a clear view of their future due to the pandemic, and even a little bit of uncertainty can cause more anxiety than a bad known thing.
49:34 - 51:13 (01:38)
Summary
People are struggling with not having a clear view of their future due to the pandemic, and even a little bit of uncertainty can cause more anxiety than a bad known thing.
ChapterUncertainty in the Time of Crisis
Episode#151 - Morgan Housel - What Has Covid-19 Done To The Economy?
PodcastModern Wisdom
The biggest events of history happen overnight, and the recent economic downturn is a prime example of this phenomenon.
51:13 - 52:27 (01:14)
Summary
The biggest events of history happen overnight, and the recent economic downturn is a prime example of this phenomenon. While it lasted much longer than anyone predicted, it came to an end much faster than anticipated, leaving economists and researchers with plenty of material to study and analyze in the years to come.
ChapterUncertainty in the Time of Crisis
Episode#151 - Morgan Housel - What Has Covid-19 Done To The Economy?
PodcastModern Wisdom
The current situation has brought about a shared trauma that can bring people together, banding them to look for solutions and work on it together, which results in confidence and hope for a better outcome.
52:27 - 54:40 (02:12)
Summary
The current situation has brought about a shared trauma that can bring people together, banding them to look for solutions and work on it together, which results in confidence and hope for a better outcome.