
Saved by Keely Adler and
Preserving Optionality: Preparing for the Unknown - Farnam Street
Saved by Keely Adler and
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 moreHere's the simplest definition of optionality: Optionality = the right, but not the obligation, to take action