The Personal MBA

Master the Art of Business

A world-class business education in a single volume. Learn the universal principles behind every successful business, then use these ideas to make more money, get more done, and have more fun in your life and work.

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What Is 'Uncertainty'? (Systems)

The difference between Uncertainty and Risk is that Risks are known unknowns: you know what might happen. Uncertainties are unknown unknowns, there's no way to expect that that could happen.

You can't know if a something unexpected will occur, all you can do is remain flexible, prepared and Resilient to react properly.

Accepting Uncertainty is accepting the real world, instead of coming up with a nicer one that doesn't exist.

Don't rely on making predictions. Plan for flexibility instead.

Questions About 'Uncertainty'


"He who lives by the crystal ball soon learns to eat ground glass."

Edgar R. Fiedler, economist


From Chapter 9:

Understanding Systems


https://personalmba.com/uncertainty/



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The Personal MBA

Master the Art of Business

A world-class business education in a single volume. Learn the universal principles behind every successful business, then use these ideas to make more money, get more done, and have more fun in your life and work.

Buy the book:


About Josh Kaufman

Josh Kaufman is an acclaimed business, learning, and skill acquisition expert. He is the author of two international bestsellers: The Personal MBA and The First 20 Hours. Josh's research and writing have helped millions of people worldwide learn the fundamentals of modern business.

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