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Preserving Optionality: Preparing for the Unknown - Farnam Street
Like it or not, we’re all ‘entrepreneurs’ now, even if we never start a company. The old model of stable employment for life with a government pension in retirement is no longer a safe bet. Instead, we have to increasingly think in terms of non-linear returns, protecting the downside, finding ways to profit from volatility, and creating diverse inc
... See moreRichard Meadows • Optionality: How to Survive and Thrive in a Volatile World
Optionality will take us many places, but at the core, an option is what makes you antifragile and allows you to benefit from the positive side of uncertainty, without a corresponding serious harm from the negative side.
Nassim Nicholas Taleb • Incerto 4-Book Bundle
Here's the simplest definition of optionality: Optionality = the right, but not the obligation, to take action
Richard Meadows • Optionality: How to Survive and Thrive in a Volatile World
