This is one of the main themes of Nassim Taleb’s books. You can’t really predict the future and you especially can’t predict improbable things, so minimize left-tail risk, maximize your exposure to right-tail events, and hope for the best.
This is one of the main themes of Nassim Taleb’s books. You can’t really predict the future and you especially can’t predict improbable things, so minimize left-tail risk, maximize your exposure to right-tail events, and hope for the best.