Great newsletter from Farnham Street Blog. I couldn’t explain this word any better than this:
When you can’t predict with accuracy, you can position. That means giving up something today to prepare a wider range of outcomes tomorrow. Positioning is always short term, suboptimal. The longer your time span, however, the more optimal it becomes. If you live a long life, it can’t help but be the correct strategy.
You can position yourself for the next job at work by learning new skills you don’t need today. You can position yourself for living a long life by eating healthy and exercising. You can position your company by keeping cash on hand.
Positioning doesn’t just ensure survival, it affords you the opportunity to periodically take advantage of chaos. Positioning means you’re always ready for what’s next.
Frank's Blog 