This year’s Forum of the Max Schmidheiny Foundation was held on the topic of “Shock Effects – Living and Learning in Freedom and Uncertainty”. In a two-part event, the Max Schmidheiny Foundation brought together participants from business, politics and society. The first part was held in person at the Grand Resort Bad Ragaz on 11 November 2020. The second part was, for the first time, held virtually on 17 February 2021. In an open discussion beyond the boundaries of party lines and daily politics, a group of around 50 personally invited participants discussed implications of the shock resulting from the COVID-19 pandemic, options for action, learning processes, and social behavior appropriate to the new uncertainty. They were joined by distinguished leaders from Switzerland and abroad, including Anne Applebaum, Constanze Stelzenmüller, Dominic Barton, Raghuram Rajan and Marianne Janik.