[shriphani]

The core point you missed in antifragile is inference in the presence of uncertainty - a conservative barbell like strategy (80-20 rule or 90-10 rule). This is very easy to overlook but this to me was the key takeaway - in structuring a portfolio, picking art projects etc.

[pas]

I left it out, because I'm not convinced it works. For example it doesn't respond well to shocks. The whole market goes down. Your portfolio shrinks. (Sure, probably it can be structured as a semi-passive fund, that buys when the market is low, and moves back to more doomsday assets when it starts to fall.)

[dood]

Could you give an example of this please?

[shriphani]

As an example, what sort of portfolio should you set up for your money. Taleb's recommendation is to avoid all kinds of "risk-modeling" and to invest 80 - 90% in highly conservative investments and the remaining 10% in ultra risky ones. He calls this a barbell investment. Positive black swan events from the ultra risky bets will still get you a nice return and the negative black swan events won't wipe you out.

The barbell strategy is applied to a lot more domains throughout the book - a small excerpt: https://www.nuggetsofthought.com/2018/04/02/nassim-taleb-sen...