Chris Read: Applying the Stockdale Paradox to lockdown life

Jenna Towler
clock • 3 min read

Stockdale’s stoicism can teach us a lot as we begin to yearn for the beginning of the end of Covid-19, writes Chris Read

‘Safety Last!’ is a 1923 Hollywood silent film starring the great Harold Lloyd.

This is the film containing the famous image of Harold Lloyd clutching the hands of a clock dangling on a skyscraper. The film title is a play on words as we all know the ‘Safety First’ mantra still in wide use today. In this same year, in a different part of the USA, James Stockdale was born in Illinois.

Admiral Stockdale is best known for being the most senior US navy officer to be held captive at the infamous Hanoi Hilton in the Vietnam war.

Captured in 1965 released in 1973, he was locked in leg irons routinely beaten and tortured. His legs were broken twice during his seven and half year incarceration. Stockdale went on to serve for 37 years in the navy and spent time in politics. He ended his career working at Stanford University and writing books on stoicism. In the words of Epictetus, the Roman Stoic philosopher, “sick and yet happy, in peril and yet happy, dying and yet happy, in exile and happy, in disgrace and happy,".

If I was a songwriter, writing songs for lockdowns, I would steal those words for my chorus. It’s true, lockdown has been rubbish. It’s been boring and dull. My bum has often hurt for all the Zoom hours clocked up. But we still have a smile and we still have hope.

When asked who did not make it out of the Vietnam POW camps, Stockdale responded, the optimists did not make it, he said they would say: “‘We’re going to be out by Christmas.’ And Christmas would come, and Christmas would go. Then they’d say, ‘We’re going to be out by Easter.’ And Easter would come, and Easter would go. And then Thanksgiving, and then it would be Christmas again. And they died of a broken heart”. They were not able to confront their painful reality of today with maintain a deeply-held belief in prevailing in the end.

The Stockdale Paradox, named after Stockdale, is an idea in which realism needs to be balanced with optimism. In last October’s edition of the Forbes magazine, there was an article titled: “What the Stockdale Paradox Tells Us About Crisis Leadership”.

 The article looks at how leaders can better manage in the unrolling crisis of Covid-19. It applies survival psychology to the current Covid-19 crisis. It maps three phases in disasters, such as a pandemic of, pre-impact, impact, and recoil with behaviors of despair, grief, and depression. Following on from these phases, there is the rescue phase (for us now, that’s the vaccination phase) followed by the post-traumatic phases of adaptation and coming to terms with the new reality.

To live happily and with purpose in the new realism of a changed world, we have to accept our own personal breaking, our unlearning and re-learning cycle.  James Stockdale was quoted about his time in captivity: I never doubted not only that I would get out, but also that I would prevail in the end and turn the experience into the defining event of my life”.

Reflecting personally on these words and not wanting to appear tone deaf in my communications, I think it important to empathise with others inevitable feelings of loneliness, anxiety, and stress; whilst at the same time articulating a sense of belonging and a sense of positive destiny.

Visualising Harold Lloyd as he dangles from his clock, I think of our lives over the past year. Before this pandemic finally ends, business practice will continue to follow the mandated Safety First mantra. However, as we indulge in the new reality, fortune will surely favour the brave as we embracing the excitement of Safety Last!?

 Chris Read is group CEO of Dunstan Thomas

More on Featured

How advisers deal with the power of online customer reviews   

How advisers deal with the power of online customer reviews   

Number of ‘cold’ enquiries received from online research increases

Julia Bahr
clock 22 February 2023 • 4 min read

Chris Read: Onwards and upwards

Thankfully, lockdowns are over (for now) and it's time to emerge from our caves, writes Chris Read in his final pandemic-penned column for RP

Jenna Towler
clock 07 October 2021 • 5 min read

RP case studies: Ill-health early retirement

Jessica List looks at an ill-health retirement case study where a SIPP comes in handy...

Jenna Towler
clock 06 October 2021 • 4 min read

In-depth

Analysis: Advice M&A continues apace as FCA review looms

Analysis: Advice M&A continues apace as FCA review looms

Firms taking very different approaches to buying and selling

Isabel Baxter
clock 18 November 2024 • 7 min read
Your Autumn Budget briefing: Tax and pensions changes Labour could have in store

Your Autumn Budget briefing: Tax and pensions changes Labour could have in store

Budget comes as prime minister says country 'embrace the harsh light of fiscal reality'

Jen Frost
clock 29 October 2024 • 22 min read
In view: Plotting PFS change

In view: Plotting PFS change

From first operating loss since 2008 to sponsorship, board and revenue changes

Jen Frost
clock 17 October 2024 • 6 min read