How to deal with the future

By
Title Insurance with Family Abstract, Inc.

Accuracy is the most rewarding way to deal with what will happen tomorrow--if you predict correctly. Accuracy rewards those that put all their bets on one possible outcome. The thing is, accuracy requires either a significant investment of time and money, or inside information (or luck, but that's a different game entirely). Without a reason to believe that you've got better information than everyone else, it's hard to see how you can be confident that this is a smart bet.

Resilience is the best strategy for those realistic enough to admit that they can't predict the future with more accuracy than others. Resilience isn't a bet on one outcome, instead, it's an investment across a range of possible outcomes, a way to ensure that regardless of what actually occurs (within the range), you'll do fine.

And denial, of course, is the strategy of assuming that the future will be just like today.

If you enter a winner-take-all competition against many other players, accuracy is generally the only rational play. Consider a cross-country ski race. If 500 people enter and all that matters is first place, then you and your support team have to make a very specific bet on what the weather will be like as you wax your skis. Picking a general purpose wax is the resilient strategy, but you'll lose out to the team that's lucky enough or smart enough to pick precisely the right wax for the eventual temperature.

Of course, and this is the huge of course, most competitions aren't winner take all. Most endeavors we participate in offer long-term, generous entrants plenty of rewards. Playing the game is a form of winning the game. In those competitions, we win by being resilient.

Unfortunately, partly due to our fear of losing as well as our mythologizing of the winner-take-all, we often make two mistakes. The first is to overdo our focus on accuracy, on guessing right, on betting it all on the 'right' answer. We underappreciate just how powerful long-term resilience can be.

And the second mistake is to be so overwhelmed by all the choices and all the apparent risk that instead of choosing the powerful path of resilience, we choose not to play at all.

Denial rarely pays.

All my best, Glenn Freezman

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Thank you Seth Godin

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About Family Abstract, Inc.

Established in 2002, Family Abstract, Inc. provides Title Insurance to clients and customers throughout Florida, Maryland, New Jersey and Pennsylvania with more than 40 years of combined experience in management alone. We pride ourselves on retaining the most skilled and knowledgeable employees who share our goals of providing the best service in the industry.

Located in Horsham, Pennsylvania, Family Abstract, Inc. maintains an extensive network of skilled title insurance abstractors in all the states we service in addition to a nationwide network of qualified closing agents who are available to close loans at any location.

Backed by the strength of four title insurance underwriters, we are able to provide expert attention to detail without sacrificing versatility in the closing process, thus providing more options in difficult title situations. Due to our depth of industry knowledge and commitment to excellent service, Family Abstract, Inc. has been able to develop client relationships that have endured for decades.

Having successfully settled and insured thousands of transactions, we have already earned the trust and confidence of hundreds of customers, lenders, brokers, and realtors and now we would like to share our expertise with you!

Comments (2)

Bill Reddington
Re/max By The Sea - Destin, FL
Destin Florida Real Estate

It is not an event, it is about the journey. Just have to keep moving forward and Keep Prospecting!

Jan 03, 2014 04:10 AM
Phil Stevenson, CRMP
PS Mortgage Lending 305-791-4874 or 888-845-6630 - Miami, FL
"Mortgage Nerd" in Miami, Florida and Texas

Glenn, I prefer resilience over putting all my eggs in one basket. I especially prefer to bet across the board than to not try out of fear of not succeeding. In the end, whichever way you prefer, it's time to try something, anything, because not doing anything is the worst way to predict the future.

Jan 03, 2014 04:23 AM

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