This Investment Strategy Will Change You FOREVER [Nassim Taleb, Tim Ferriss]
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★ Sources:
► Nassim Taleb at Google - • Antifragille: Things That Gain from D...
► Nassim Taleb at Microsoft - • Antifragile: Things that Gain from Di...
► Tim Ferriss
• How to Secure Financial Freedom and M...
Tim's Blog -- https://tim.blog/2010/06/28/mba/
🧠 Quotes
"I subscribe to the Nassim Taleb school of investment, with 90% in conservative asset classes like AAA bonds and the remaining 10% in speculative investments that can capitalize on positive 'black swans' " - Tim Ferriss
"It's much better to put 80% of your money risk-free, and 20% speculative. Rather than the whole thing medium risk. Much more robust that way." - Nassim Taleb
"Just as Stoicism is the domestication, not the elimination, ofemotions, so is the barbell a domestication, not the elimination, ofuncertainty." - Nassim Taleb
"Make sure that the probability of the unacceptable (i.e., the risk of ruin) is nil.” - Ray Dalio
👨 Giants
Nassim Taleb
Nassim Taleb's work concerns problems of randomness, probability, and uncertainty. Author of many successful books, including The Black Swan, which The Sunday Times considers one of the 12 most influential books since World War II.
Tim Ferriss
Tim is an entrepreneur. He runs the Tim Ferris Podcast, which has over 1 million subscribers. Author of many popular books, including Amazon's best seller book "The 4-hour Work Week". And investor in companies (early stage) like Uber, Shopify, Alibaba, Facebook and Twitter.
🐨 Main Idea:
Apply Jensen's Inequality to Make the Portfolio more Robust and Better. For the same amount of risk, it gives your better outcomes than any other traditional portfolio. It gives you limited-small downside and unlimited/unknown upside (definition of antifragility).
See all the content on The Picking Nuggets Blog -
-------- Time Codes ----------
0:00 - Nassim Taleb -- The Barbell Approach (based on Jensen's Inequality)
1:52 - Tim Ferriss -- Tim's Barbell Portfolio (analyzed over 10 years)
6:24 - Reflections & More
11:06 - Diving deep into Jensen's Inequality
13:54 - Masterworks (Sponsor of today's video!)
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► None of this is meant to be construed as investment advice. It's for entertainment purposes only. Links above include affiliate commission or referrals. I receive compensation from partnering websites.
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