
If Nassim Taleb were a VC

Let me stop to issue rules based on the chapter so far. (i) Look for optionality; in fact, rank things according to optionality, (ii) preferably with open-ended, not closed-ended, payoffs; (iii) Do not invest in business plans but in people, so look for someone capable of changing six or seven times over his career, or more (an idea that is part of... See more
Nassim Nicholas Taleb • Incerto 4-Book Bundle
it's aggravating to buy just a little bit but this is a hard question to answer so it says in reality opportunities in which we are comfortable to deploy Capital are rare and the highest conviction idea is the rarest of them all the issue then is
how much to invest in each idea and this is Nick's takeaway from thinking about the Kelly Criterion the
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