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Something You Should Know

Behind the Scenes at Your Grocery Store & The Difference Between Risk and Uncertainty

49 min • 28 september 2020

You may be a good driver but there are a lot of bad ones out there. So how do you protect yourself from those people? This episode begins with some interesting intel on where and how serious traffic accidents happen and how to avoid them. Source: Reader’s Digest & author of an article titled “How Good Drivers Get Killed”

 Your neighborhood grocery store is a fascinating place. Did you know, for example, that some of the “fresh produce” could be over a year old? Did you know that selling groceries isn’t the only way your store makes money? Have you ever wondered why a store like Trader Joe’s has such fanatically loyal customers? Benjamin Lorr has taken a peek behind the curtain of the grocery business and you will be fascinated by what you hear in our discussion. Benjamin is the author of The Secret Life of Groceries (https://amzn.to/2RVd0Iy).

Have you heard that a dog’s mouth is cleaner than a human mouth? Listen and find out if that could possibly be true. http://tristanmed.com/blog/entry/mythbusters-dogs-mouth-cleaner-than-humans

It seems to be human nature to want to know what will happen in the future. That’s why we want experts to predict the stock market or why we try to choose winning lottery numbers. Of course predictions are usually wrong. Most of life is unpredictable. That is why it is pointless to try and predict it. So what’s a better strategy? Here to tell you that is John Kay, a leading British economist and author of the book Radical Uncertainty: Decision-Making Beyond the Numbers (https://amzn.to/32WqnP6). He explains how to prepare for the future even though you cannot predict it and he reveals the important difference between risk and uncertainty.

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