Notes on
Antifragile
by Nassim Nicholas Taleb
Read Jul 30, 2022
Antifragility implies more to gain than to lose, equals more upside than downside, equals (favorable) asymmetry.
The barbell strategy (or bimodal strategy): Never go for the median. Always go with two extremes to remove downside. For example with weight lifting: Heavy lifts and long effortless walks instead of going hard sometimes and walking at a decent pace with incline.
The strength of the computer entrepreneur Steve Jobs was precisely in distrusting market research and focus groups - those based on asking people what they want - and following his own imagination. His modus was that people don’t know what they want until you provide them with it.