Preserving Optionality: Preparing for the Unknown - Farnam Street

Accumulating broad skills and options is the best way to prepare for a volatile world, but we still have to be able to make firm decisions in the face of uncertainty.

the best strategy would seem to be one of maximum flexibility: keeping ourselves free to deal with those unknowable events in whatever ways seem appropriate at the time.

3. Knowledge Capital All your skills, education, credentials, and experience—work, or otherwise. 4. Health Capital Your physical fitness, mental health, mobility, and energy. Remember the kind of asymmetries we're looking for. An attractive option has a fixed downside, and potentially unlimited upside.