I remember one of the 'fraternity brother' managers stopping by my desk. I think he was trying to share his visionary wisdom with me. He asked 'What is your plan for dealing with any unforeseen failure modes? What steps have you taken to eliminate those failure modes?' I thought about if for a moment, then responded 'I have designed those failure modes out of the system. If you have identified other unforeseen failure modes, please bring them to my attention and we can work on them.'
An emergency fund is an excellent way to be prepared for the unforeseen. And if the unforeseen never happens, then you are even better prepared to take advantage of previously unforeseen opportunities!
