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There's a joke I heard when I first became a CEO about advice given to a new CEO by their predecessor: I've prepared 3 numbered envelopes. When you hit a crisis, open them in order.
One day a crisis comes, CEO opens envelope & it says "blame your predecessor". CEO does so, crisis passes. A few months later, another crisis comes. Envelope 2 says "blame your predecessor". CEO does so, crisis passes again.
A few months later a third crisis comes. Message inside envelope 3 says "Prepare 3 envelopes".

Thinking a lot about that advice today.
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