Nassim Nicholas Taleb – the same hedge funder-turned-intellectual who popularized the concept of “Black Swans” as a way to explain all the random events in this world that can’t be predicted by traditional prediction models – is back with another concept that he thinks could be even more powerful. To protect yourself from all the potential Black Swans in your life – and, indeed, to profit from them – you need to make yourself "anti-fragile." This doesn’t mean taking out an expensive insurance policy or hunkering down and becoming a Doomsday Prepper – it means organizing your life in such a way as to profit from all the fear, uncertainty and doubt in this world. You need to actively seek out risk, wherever it is, and find strategies that stand to profit from randomness and volatility.
One strategy that Taleb suggests is to “barbell” your life in such a way that you spend 80% of your time doing safe, super-conservative activities, while spending the other 20% of your time working on crazy, wildly speculative things that just might pay off in the future. Read more on BigThink
.
One strategy that Taleb suggests is to “barbell” your life in such a way that you spend 80% of your time doing safe, super-conservative activities, while spending the other 20% of your time working on crazy, wildly speculative things that just might pay off in the future. Read more on BigThink
.