The Courage to Choose Yourself
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Dear lelakikelasmenengah@gmail.com
There's one thing everyone from school children to elderly retirees can agree on: change is hard.
Of course, some changes are harder than others.
Undoubtedly, with the rapid spread of the coronavirus, people around the globe are facing large scale changes in one way or another.
I've personally been confined to my apartment for more than a week.
And yet, despite all the uncertainty, I'm hearing more and more that people are starting to adapt to the new normal.
Despite how much we hate change, it seems like our species is actually pretty good at it.
Some of the changes we're making today are long overdue.
And they have major economic implications for the future.
Considering the Post-Virus Economy
For example, online education and telemedicine have been around for years.
And almost as long as they've been around, they haven't been taken seriously.
Sure, over the past decade there have been baby steps in online education and medicine.
But as of last month, both of these instruments are now part of our new normal.
Just about every college in America has shifted to offering classes online and hundreds of thousands of doctors are now seeing patients by videochat.
Now, for the first time, we're going to see massive experimentation and innovation in these spaces.
Out of this crisis, countless new millionaires will be made who innovate on ways to improve telemedicine and virtual education.
Necessity is the mother of innovation.
But these are just two of the smaller benefits I'm beginning to see from this massive shift.
I hear every day from people who are going through hardship personally and financially as a result of the crisis.
However, unlike past economic shifts, the tone of our conversations are generally more optimistic.
As weird as it sounds, we've been blessed with two (now approaching three) recessions in the past 20 years.
Each time, the economy has returned stronger than ever.
With each challenge, our sense of strength, optimism, and courage grows stronger.
The last recession birthed some of the largest tech companies today: Pinterest, Uber, Slack, and Airbnb.
My hope is that more people will use the challenges of today as an opportunity to choose themselves; to get out of their comfort zone and be the pilot of their own life.
Like the changes with telemedicine and education, the post-virus economy will present all sorts of opportunities in technology, cannabis, options trading, and more.
As we've seen in the past, economic downturns have a way of rewarding anyone courageous enough to choose themselves.
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One quick thing before I sign off…
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Sincerely,
Ankur Agarwal
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