Bunker mentality for the win

Merciful Crom, has it been a weird year or what? Remember when a 500 point swing in the market would take a week? Now it takes place in one day. And we have riots. And pandemic. And a presidential election. And Chuck Schumer is still running loose.  This really is going to be a year for the books.

And yet…so far…I’ve survived. In fact, not only have I survived, I’ve managed to get ahead on a few things. Most notable – house paid off. (Go me!) And all my investments have recovered to their pre-Superflu balances. And I took advantage of the dip(!) to buy in on the ground floor on a few things.

So, why didn’t I get my butt handed to me like some people in all of this? A few reasons. First and foremost, I live within my means. I drive a car older than I care to mention..but I’ve no car payment. I don’t get to buy expensive toys unless I save for them…but I have no credit card payment. School is paid as I go so…no student loan payment. And, now, house is paid so…no house payment. So when something exciting happens like getting hours cut or a job ‘furloughed’ due to Covid, I can spend the money I have on my needs and not on loan payments.

A few years ago I decided that the smart thing to do was have three different sources of revenue. This way if one crapped out, I wasn’t left with no income. Turns out, not a bad idea. I put a solid 15% of whatever I make into a “Do Not Touch” fund in case of emergencies and, as a result, I can function normally for several months at this point. Longer if I’m willing to give up a few luxuries like cable and that sort of thing.

It also helped that I had plenty of consumables on hand… toilet paper? Not a problem. Beef? Got a freezer full of it. Pasta and rice? Literally hundreds of pounds. If I really, really wanted to I could blow off grocery shopping for , probably, at least the rest of the year. If the money stopped coming in tomorrow I could dedicate $0 to groceries and be juuuuuuust fine.

Civil disturbance? Can’t find an AR for love or money in your local gun shop? No 9mm to be had anywhere? Very, very, very much not a problem.

I’m not saying this to brag, rather I mention it because I feel vindicated. The lifestyle I live, which does sometimes generate a bit of derision from others, has put me in a position where the world may be flailing around like a chicken with its head removed but I’ve got a little ocean of calm and relative security. And I am tremendously grateful to…me….for doing what it took to get there.

Yeah, once in a while my t-shirts have a hole in them, or my shoes look a little frayed, and I use a seven year old phone but…if thats the price of the security and safety that I feel I’ve garnered for myself than I’d say it was a very good trade.

I hope you do as well. I hope you do better. I hope you look at all the possible wildly bad stuff that is going on this year and think “Y’know…I’d feel a little better about my odds if we did…” and then you go do it. There’s still plenty of room for improvement in my situation…more security, more resilience, more resources…but at the moment, things are nowhere near as bad as they are for other people. I know people who have had their hours cut and they have to decide on whether to sell the gun collection in order to meet the mortgage and keep the jet ski from being repossessed. Sad for them, but we all make choices.

Anyway, thats my take on things after watching the news this evening and realizing that, all in all, I’m rather glad I’ve spent the last thirty years as a paranoid survivalist. I should add that while I am satisfied that I’ve been heading in the right direction all along, I’m not complacent. There’s still more to do. Always is.

Reclaiming that sense of urgency

Be honest, can you relate to this: several weeks ago you were focused. You were at CostCo, WalMart, and a few other places making sure you were ‘topped off’ on things. Maybe you finally pulled the trigger on some of those bigger expenditures because ‘now was the time’. You went to bed each night mentally wargaming how things might go and what you might need, and in the morning you resolved to hurry up and get dressed and go get those things. And then…things seemed ‘kinda’ normal. The panic ebbed and receded. Sure the rice and pasta aisles were empty, but there’s plenty of other stuff. And, after a few weeks, that sense of urgency you felt, that pushed you into doing things, started diminishing. Maybe ‘right now’ became ‘later this week’ became ‘next payday’ became ‘when I get around to it’.

Can you relate to that? Because that’s pretty much what I’m fighting against with the guy in the mirror. I’ve got a lovely spreadsheet of goodies (The Preponomicon) and far too many things on that list are at less than “90% complete”. But…but…it’s sunny! Gas is $1.65! The electricity is on! Dairy Queen is open! We can eat out again! So…what’s you hurry, buddy?

Complacency…thats what it looks like, guys. You stop running when you don’t see the bear behind you anymore. ‘Course, looking behind you means you might not see the other bear ahead of you.

I’m trying to be diligent about working my way down my list and, I gotta say, motivation can be lacking at times. But I know that even if there’s no ‘second wave’ of infections, no mutation, no economic Chernobyl from spending, no massive job layoffs, no meat shortages, no drug shortages, no stock market slump, happening right now that doesn’t mean it’s not going to happen tomorrow, or next week, or next month. The tricky part is maintaining that mindset that ‘bad stuff could be right around the corner’ when all your sense are saying ‘things arent so bad right now’.

So…I look at my list and remind myself that I wrote it for a good reason, I thought it over carefully, and made the ffort to put it on paper. I trust the me from two months ago that this was worth following up on. So…off to CostCo.

You guys should do whatever it takes…watch Walking Dead, read One Second After, review some graphic historical accounts of societal disasters…whatever it takes for you to recover your motivation, but stay motivated. Even if we sail through this, and the crappy fallout, there’ll be another one along before you know it.

Momentum

Funny..it seems like it was just two or three weeks ago my focus was rather intense about getting topped off on various foodstuffs and other items. And now…the sense of urgency seems…diminished…I suppose. That is, of course, the classic survivalist trap – you get fired up over something and pursue it with great intensity and then that intensity wanes. And then, something big happens, and you’re caught flat-footed.

Solution? Well, for me, it’s reminding myself that we aren’t out of the woods by a long shot. Oh sure, virus-wise its a maybe-maybe-not thing, but my concern is more economic. The repercussions aren’t going away anytime soon and I need to be in a position to not only survive it but be able to take advantage of the situation as the less-foresighted suddenly have to choose between their pre-ban Bennelli M3 Super 90 or making the mortgage that month.

Did you know that, as a group, the Mormons came out of the Great Depression better than when they went in? Because of their conservative nature and dogma they weren’t as impacted as most other groups. As a result, they were in a position to take advantage of opportunities that arose.

From an economic standpoint, the impact the virus (and it’s ‘control measures’) inflict on the economy are pretty big. I don’t see a lot of new hirings for the rest of the year, I can see a lot of places shuttering up from not being able to withstand the revenue loss of a couple months, surviving businesses might have to cut back hours/employees, and the smarter folks will cut discretionary spending to the bone to make sure hey have enough cash ‘just in case’. In short, the worst person to be right now is a Starbucks barista with $50k in student loans, a car loan, credit card debt, and a month-to-month lease with roommates. (Actually, thats a pretty crappy position to being pretty much anytime.)

Other things I find interesting are how the media beatas a slightly different drum every few days. Drug shortages one day, restricted airline travel the next, and the current crsis du jour is….meat shortage. Here’s how strong an influence that media can be – I saw no less than three articles on various news wires predicting a beef shortage. My natural inclination was to think “Ok, time to head up to CostCo and buy a case of beef” and then I realized, waitasec, I don’t really eat beef. (True fact: other than cheeseburgers, I don’t eat very much beef. Rarely do I eat a steak. My go-to animal protein is chicken and Italian sausage.) But the media hype had gotten to me to the point that I was almost ready to go stock up on something I don’t even really eat. Insidious the way these media panic stories mess with your head.

On the other hand, as I said, there’s also the problem of them not messing with your head and you becoming complacent or losing your momentum/initiative. Thats what I have to be on guard against right now. The ship is sinking, and it’s a slow leak, but the fact it is happening slowly does not change the fact that it is happening.The Current Situation seems to move slowly and invisibly but it is moving….and not for the better (economically). So, stay focused, keep your eye on the big picture, and stick to the plan.

Just not what I expected

So, having been into preparedness (or survivalism) for the last thirty years, you would think that would have been ridiculously ample time to get squared away for something like the Current Situation. So, why the sudden frenzy of buying?

Well, virtually all of my projected scenarios involved some sort of grid-down type of scenario where we are hoarding gasoline, hunkering down, without electricity, listening to our wind-up radios, and that sort of thing. That’s the scenario where you crack open the #10 cans of freezedrieds. As a result, I’ve been prepared for that sort of thing for a while now.

But this particular flavor of apocalypse, so far, has been different. I doesn’t feel dire enough to break into $65 #10 cans of freeze-dried meats. Rather, I can still go to Costco, for now, and buy a flat of pork chops or a 10# brick of 85/15 ground beef. And its that ‘normal’, day-to-day food that I’m winding up going long on right now.

Other stuff like soap, rice, batteries, detergent, aluminum foil, etc….thats all fine… at 100+% on those. But that everyday stuff was a bit lighter than I would have thought and that’s where the focus is now.

As I’ve mentioned, the Current Situation will be a fascinating and illuminating experience to see what does and does not work as far as preparations go. So far, other than what I’ve mentioned, I’ve been fairly pleased. I am especially pleased that in the last few years my focus has moved into financial preparations..eliminating debt and socking away money in case something happened. That, more than the 5-gallon buckets of rice, seems to be the most comforting thing so far.

“So far”…you catch how many times I’ve used that in this post? There is no guarantee that what we are experiencing now will be the same thing we experience later. In fact, it’s virtually guaranteed that it will not. It may be worse, it may be better, but it will be different. For me, in my location, right now, the biggest prep is money. Lotta folks with cut or reduced hours, closed or restricted businesses, etc. For them, it’s living on savings and credit cards. I’ve been adamant about having more than one income stream and, sure enough, if one takes a hit the other can still keep some green coming in. That’s working out as I had hoped. But, thats how things are so far… tomorrow could be an entirely different (and worse) story.

Even the clueless idiots out there are catching on to things being a little squirrely. I don’t see anyone buying 4k televisions, jet skis, or pro gaming computers. When even those people, who normally ‘live for today’, curb their spending you know that the situation has reached a level of seriousness that is unprecedented.

Of course, because of that, the businesses that are open are seeing reduced sales revenue as well. If anyone at the local car dealerships is doing even 1/3 of their normal sales volume, I’d be surprised. I think we might see some very interesting sales and promotions coming up from many different businesses and markets as they try to drive up sales to meet their fixed costs. If you actually do have some ‘disposable income’ you might do very very well on buying a few goodies in the future. Heck, I should go troll Craigslist and see if I can pick up another EU200 or something.

So, here we are a month or two into the largest ‘disaster’ any of us have seen in our lifetimes and…so far….not what I expected. I have always thought the apocalypse was going to be either a ‘real’ one with Katrina-like infrastructure failures and lawlessness, or an economic crisis that, actually, closely parallels what we are in now but without the face masks. Either way, I do feel vindicated about both, the stockpiling of freezedrieds and the financial contortions I’ve gone though to get the finances resilient.

Observations

As many of you, I am sure, have noticed…a good part of my postings aren’t so much about what I’m doing as much as they are about what Im seeing. Couple reasons for that…first of all, I’m fine. I’ve got food, fuel, supplies, etc. So do you. So there’s no need for the back-patting festival of constant posts saying “People were on line for [item] but I had plenty…”.

What I do wind up posting about is the details about how this is all unfolding and what the takeaway from it is. What worked, what didnt, why didnt it work, why did it, what should I have done, what shouldnt I have done, and so forth. In short, we’re in the middle of a global experiment in disaster management, what can we observe and learn from it? Disaster planning rarely gets a global-level real world event to examine, dissect and learn from. Katrina was the benchmark for hurricane preparedness modeling, Kung Flu is going to be the benchmark for how pandemic planning is to be planned. In reality, there’ll be a lot of ‘white papers’, death by PowerPoint, committee’s and hearings, and then very little will actually be accomplished. Bureaucratic inertia. But on an individual level, guys like you and me should be taking notes like crazy. You could probably get a lot of info just from this exercise:

Ask yourself what concerned you most during the crisis. Then ask what would have made you not concerned (or less concerned). Then, for next time, go do/get whatever that thing was that you think would have made you less concerned. Example:

What concerned you? I was worried we wouldn’t have money coming in to pay the bills.
What would had made you less concerned? Having money in the bank.
So for next time: have a large emergency fund saved up

What concerned you? The grocery stores would be devoid of food
What would had made you less concerned? Having a full pantry and freezer
So for next time: build a stockpile of stored food

What concerned you? I’d die because I’m already in poor health
What would had made you less concerned? Having taken better care of myself
So for next time: start what you can to get back into shape and being healthy

You get the idea, I’m sure.

Notably, it’s interesting to see what people rushed out and bought and in what order. According to virtually every source, toilet paper and rice/pasta were the first things erased from the supermarket shelves. It was only after a week or two, presumably when people had time to think, that they started figuring out what else they might want to stock up on.

Those things that the knee-jerk panic buyers bought? Those are things you should plan on becoming virtually instantly unobtainable. Keep plenty of those. As things progressed and people had more time to think, other stuff started disappearing. Noticing what went fast in those early days is a good indication of what you should already have had on hand.

Really forward thinkers got things done that otherwise are now rescheduled. Dental cleanings, vehicle maintenance, in-person banking (loans, mortgages), etc. That was pretty smart and something that didn’t occur to me until later.

Lotsa lessons to be learned in this crisis, guys. Just gotta keep your eyes and brain  open to learning them. Maybe the next pandemic won’t be for another hundred years like the last one, but we just don’t know. In the meantime, we’re getting first-hand real-world examples of how people will respond. Take it all in and use that information to your advantage.

His mind is not for rent….

If it bleeds, it leads. Thats the axiom when it comes to news. (Trivia: I started college as a journalism major. I finished as..well.. I’ll let you know.)

It seems that the Kung Flu is having to share time with blaring headlines about 31% unemployment coming soon. And our governor just announced a moratorium on evictions, utility shutoffs, and that sorta thing. A recession, defined as two consecutive quarters of decline in GDP, seems all but guaranteed. Prisons are emptying, hospitals are floundering, cats and dogs living together, mass hysteria! Haven’t you heard? The world is coming to an end!

Darn hard to keep a smile going with that sort of news. But…is it really news? Is it real news? Is it the dreaded ‘fake news’? Or is it just the most sensational way to get click on Reuters website? Should I max out the credit cards with the expectation that the ‘boogaloo’ is about to happen? Or do I carefully navigate my way through the upcoming societal detritus to the inevitable upswing on the other side? Stuff is getting real, that seems certain….but the news…they only tell you the worst of it, right?

At this point, I’m really willing to start believing that news is subjective. Get your news from as many different sources as you can, apply some critical thinking, and then you decide for yourself whats really news.

My grandfather, a man from the era of a high school education being considered higher learning, read all three newspapers every night…The NY Times, The Daily News, and The NY Post. It never occurred to me, as a stupid kid, to ask him why he sat up late at night at the kitchen table, listening to WNEW’s Make Believe Ballroom on the radio, reading newspapers, but whatever the reason was I’m pretty sure that after reading those three papers, with their three disparate points of view, he had a more rounded and well-informed opinion about the news than most people.

I try to get my information from equally as disparate, dispassionate, and disconnected sources. I play both sides of the fence…I listen to Fox and I listen to NPR. I watch CNN and I watch BBC. I read the books people think everyone should read, and then I read the books people think no one should ever read. And then…I make up my own mind.

No doubt, there is trouble ahead….but how much trouble, what kind of trouble, and for how long…. no one seems to really have any statements that everyone else can agree on. So, I take them all in and try to filter them as best I can. I suppose I could play it safe and go with ‘worst case scenario’ but I think thats a tad uncalled for. I think I’m going to proceed carefully and deliberately in everything I do moving forward until such time as I can loosen my hands on the reins a bit. When will that be? Not sure, but, whether we like it or not,  we’re definitely going to find out.

Moral of the story: don’t believe everything you read, but don’t disbelieve it either. Put your bran cells to work and examine, inspect, question, and evaluate what you’re told. Then act accordingly.

The uniquely American perspective

Can we agree that, as far as the US is concerned, quarantines just don’t work? I’m not an epidemiologist, health professional, or anything like that … what I am is someone who comments on what I observe.  What I observe is that quarantines may work in other countries but I don’t think they’ll work here.

China implemented quarantines and they seem (if you can believe the communists) to have worked. But…China is a nation full of people who are quite used to saying ‘how high’ when the .gov tells them to jump. Many European countries are similar…people are used to a supremacy of .gov and believe that .gov is for ‘the greater good’. Thus, when ‘gov declares a crisis and says ‘do this’, the population usually toes the line.

And then you get the US… a nation whose entire national identity is based on BFYTW. Lots of folks already distrust .gov, no matter who is in office. And when they tell you to do something, our natural inclination is, often, to say “Yeah, no.”

So when .gov tells you, with a straight face and the wagging finger of seriousness, that you ‘must’ stay at home, avoid other people, not go to work, and generally be under house arrest…well, a lot of people are going to say ‘Yeah, screw that..I’m going to WalMart’. Some people say this is socially irresponsible and these people are selfish clowns who should be beaten with cluesticks until they stop putting others at risk….and theres some who say that individual freedom includes the freedom to make bad choices. (Although usually that argument doesn’t include those bad choices affecting anyone else except the individual in question.) But no matter which side you’re on (if there is a such thing as sides in this) I think it’s pretty obvious that quarantines won’t work in this country the way they do in others.

But…that’s why quarantines won’t work in the US. Short version: we are too individualistic to do what .gov tells us to do, and our .gov is quite reluctant to go to the measures that other countries do. The Chinese physically rounded up people off the street. The Italians have Carabinieri at checkpoints. The Germans…well…I don’t know what the Germans have but it’s probably really well-engineered and expensive…maybe some sort of virus-targetting laser robot thing. But the US is not the kind of country (yet) that rolls out nationwide roadblocks and military patrols to stuff coughing pedestrians into the back of unamarked vans for their own protection.

There are plenty of Americans who are obeying the .gov’s requests to stay at home. But those people aren’t motivated by patriotic altruism and obedience, they do it out of self-preservation because theyre in the target demographic for this thing. The young and dumb are out doing the same things as always because youth. And a quarantine is, I suspect like virginity…no grey areas. You either have a quarantine or you don’t. At this time, we don’t. And I don’t think we will, given the lack resolve to step into the jackboots of ugly-times-call-for-ugly-measures.

I am not a fan of big .gov. I’m rather pleased at the seeming impotence of .gov in terms of establishing the kind of control that other countries are exhibiting. Why? Because once you give a power to ‘gov, they virtually never relinquish it and they always find a way to use it. It’s a very personal choice, but I would rather take my chances at keeping my distance from other people, staying home as much as possible, and keeping outside trips to a minimum, by my own choice, and have a higher risk of catching this thing than have a lower chance of catching it in exchange for having guys with guns and uniforms driving around my neighborhood at night spotlighting houses looking for curfew violators.

But, it’s for those reasons that I dont think, barring some seriously unprecedented draconian responses by .gov, that quarantines will work here as well as they have elsewhere.

Grid up disasters

So far ( and that’s really a key modifier here) this kung flu thing is turning out to be, for the overwhelming majority, a ‘grid up’ scenario.

I don’t know about you but for me most of my wargaming and ‘possible scenarios’ against which I prepare involve a ‘grid down’ scenario. That’s the one where critical utility services are unavailable or strictly curtailed – no water, no electricity, no natural gas, that sort of thing. “The big one” earthquake? Grid down. Tornado? Grid down? Killer ice storm? Grid down. The kung flu is turning out (thus far) to be a ‘grid up’ scenario which, while not something I have discounted, was certainly not what I was anticipating.

Obviously, though, that ‘grid up’ thing can become ‘grid down’ in a hurry. All it takes is a bunch of self-quarantining linemen, power plant operators, electrical engineers, etc., staying home for the delivery systems to get stretched thin. I would guess that if you’re in a place that gets it’s power from nuclear plants the number of easily-replaced personnel running those things is pretty thin.

What’s that mean to me? Well, first of all, and I’m not sure this is a negative, it makes it a bit harder to interpret the current situation as a disaster. I mean, if we’re honest, when we were stocking away freeze drieds and tucking away cans of ammo we envisioned The Big Crisis as one where we would be in the dark and cold, using candles and kerosene lamps, cooking over our grills and campstoves, and heating water in big pots over campfires. Right now? I turn the handle marked “H” on my sink and hot water comes out. I flip on the lightswitch and my room lights up. I press a button on the wall and my house gets warmer. It’s a bit hard to not have a little mental disconnect.

Here’s an example of what I mean – I’m assuming many of you watch The Walking Dead, and if you don’t I am certain you at least know the premise. For the first few seasons our heroes (such as they are) lived in abandoned buildings, campsites, etc, with no running water, electricity, etc, etc. It was a very close to the edge existence. Later in the show they find a haven with running water and electricity….a sense of normalcy develops, despite the fact the zombies are just outside the walls.  My point being that while intellectually I know this is a very serious time, the relative lack of obvious impact on my day-to-day is making it hard to feel like it’s as big a deal as it is.

One thing I had not considered, at all, was the possibility that in a ‘grid up’ crisis those grid up utilities could be manipulated by others to force a control on me. For example, in places that have ordered ‘non essential’ businesses to close, municipalities are threatening to turn off utility services to businesses that don’t comply. That’s only a step or two away from turning off utilities to neighborhoods to force them to evacuate to quarantine locations or to exact some other sort of behavioral change. I never thought of that, had you?

The “Hmm-I-Never-Considered-That” moments are starting to come a bit faster these days. When all of this blows over (or, at least, diminishes a bit) there’s going to be some frenzied activity in the blogosphere as people recount what they should have done and will do differently ‘next time’.

Too normal to panic, too weird to be calm

I don’t know about you, but the Kung Flu seems a little unreal and real at the same time. I mean, on the one hand all the media are talking about corpses littering hospital hallways, government continuity plans, cordoning off neighborhoods, etc…very dramatic stuff. But on the other hand I look outside my window and…traffic continues to roll by, the lights are on, people bicycle along the sidewalk, etc….but then I go to the supermarket and see empty aisles and purchase limits, my classes are shifted to online, and restaurants are closed….but my  mailman delivers my mail, the gas stations are open, the toilets still flush. It’s like a mixture of messages. Its almost like theres not enough crazy stuff happening to push me into panic mode, but there’s not enough normal stuff to keep me from worrying. It’s a very in-between kinda thing.

One problem I anticipate is remaining consistent and vigilant for the unpredictable length of this crisis. As I said, there’s enough ‘normal’ going on right now that it’s a bit hard to immerse myself in a ‘conserve’ mindset. At the same time there’s enough crazy going on to instill anxiety and dread in me that I should be ‘doing something’. And without that very obvious in-your-face threat, it becomes a bit tough to tread lightly on the Pop Tarts, rice, and bleach.

I suppose part of it is my locale. Folks in the big cities, I suspect, see it a bit more on the ‘panic’ or weird side than we do here in flyover country. Perhaps thats the only thing they’ve got going for them…the situation is such that there is no ambiguity, no half-measures.

The key to succeeding at any endeavour is persistence and discipline. I need to stick to the mindset of ‘London during the blitz’ and not let the lack of blatantly obvious dire threat lull me into a state of complacency (or worse – waste).

But…still got plenty of TP.

 

Seeing the apocalyptic forest for the disastrous trees

In Hazlitt’s book, ‘Economics In One Lesson’, which I highly recommend to you, he says “…The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of that policy not merely for one group but for all groups.”

You could replace economics with preparedness, and event for policy, and have yourself a handy little rubric for wargaming future preparations.

One thing that I’ve always found terribly irritating about many survivalists is the tunnel vision, or, perhaps more accurately, lack of situational awareness in regard to a particular disaster or event. This current situation of coronavirus is a perfect example of what I mean.

This Kung Flu checks off the ‘pandemic’ tickybox on our checklist of “things we prepare against”. Admittedly, it was right down there with ‘nuclear war’ and ‘comet strike’ in terms of probability on many people’s lists. After all, the last time something like this happened was around a hundred years ago…so it really wasn’t on too many peoples radar. We leaned more towards hurricanes, riots, economic collapses, and that sort of thing.

The thing is, while people may have planned for, or anticipated, a pandemic and made some plans to protect themselves, I would wager that a large percentage of them didn’t think through what else a pandemic brings that you need to prepare against.

An example: When Hurricane Sandy hit New York many people lost their vehicles because of the flooding. Most had insurance that covered the loss, so they sat back and figured they were set. Their inner dialogue went something like this:

“Flooding will occur. I’ll probably lose my car. Let me make sure my insurance will cover it. It does? Great, I’m all set.”

And virtually no one had this inner dialogue:

“Flooding will occur. I’ll probably lose my car. Let me make sure my insurance will cover it. It does? Great. But since I won’t have a car I’ll need to make arrangements for a rental. And fuel. And directions to other supermarkets if my main one is flooded out.” etc, etc.

And this is exactly what happened. People lost their cars but when their insurance said “hey, we’ll cover a rental car for you” those same people found that every rental car for fifty miles in every direction was already rented by people who thought ahead. See, they got so focused on the event (losing their car) that they didn’t think about the consequences of the event (no car rentals being available).

It seems a lot of people worry about the event and put little focus into the effects of the event. The Kung Flu is like that. Everyone stocked up on hand sanitizer and toilet paper, but how many made plans for when the kids school is closed, the paycheck is stalled because you’ve been told not to come into work, the guy who was gonna fix your car is out with the Kung Flu, your AirBNB rental income slumped as tourists stay home, your wife’s housecleaning ‘side gig’ drops to zero as people don’t want strangers in their house, etc, etc. And meanwhile, your mortgage, taxes, utilities, and credit card bills are all still due.

You drop a rock in a pond and ripples radiate out, right? That’s a fair metaphor, I think. The disaster occurs and we focus on that point where the rock hits the water and we don’t think about the ripples that emanate outwards. RIght now one of the biggest ripples is the amazing contortions the stock market is going through. I’d wager that no one, when planning a few years ago for Capt. Tripps, had the foresight to think “Y’know, when that superflu comes through and starts doing its thing, the markets are going to tank…I should probably be ready for that.”

There’s that old expression about not seeing the forest because all the trees are in the way. The forest is the larger, greater, overall chaos and disorder that results from a particular event. We tend to get so fixated on the individual events (trees) that we don’t see the entirety of what chaos theyve created (forest).

Hurricane Katrina, fifteen years ago, was a benchmark for disaster preparation. I have absolutely zero doubt that the Kung Flu of 2020 will be remembered as a black swan event that changed disaster planning for many organizations, governments, and individuals.

The lesson to be learned seems pretty straightforward – when you prepare for a particular event, you need to look at all the possible negative effects that event could cause and you have to be ready for them as well. You have to look as far ‘downstream’ from the disaster as possible and try to see what the consequences will be and how you can best prepare for them.

Did I get caught napping? Honestly, yes. I should have had more money sitting in my brokerage accounts to take advantage of stocks and funds being on sale at 25% off. That’s it. That’s all I’d change. I have enough cash in the bank, and no liabilities, to cover me for a few months if I’m unable to bring in income. No mortgage to sweat, no credit card payments to stress over, no car loan to dread, no student loan to fear. To some degree, I’m insulated from the fallout from coronavirus even if I’m not immune to the coronavirus itself.

So, assuming we all survive this, we should analyze the whole thing, start to finish, and see what lessons we learn from it.