Build your own Paradigm
Our lives and businesses are defined by periods that appear relatively certain, intespersed with short periods of relative chaos from which emerges a "new normal", until the next element of relative chaos.
I have felt that on a number of fronts, we are in a such a period of real chaos right now. It's not "bad" (although it feels bad as we transition from "old normal" to "new normal"). The pain only stops when we adjust our expectations and actions to embrace the emerging new normal.
There was an excellent piece on Linkedin by Ray Dalio of Bridgewater Capital on the financial aspects of this. He has long based his investment strategy on these changes, or "paradigm shifts".
A paradigm is a way of looking at the world. A collection of personal experience, unconscious biases, heuristics, and groupthink that we accept as truth for a while.
All the indications are we're coming to an end of the last one.
It's not only finance of course. Coming to terms with inconvenient truths, such as climate ch…
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