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Antifragility

During the current COVID-19 crisis, I’ve reminded myself of Nicolas Taleb’s concept of Antifragility.

Antifragility is the ability to not only be robust to adverse outcomes but, most importantly, the ability to gain strength from adversity. It has implications for all aspects of life and not just finance.

In finance, the concept is closely aligned with owning options and making asymmetrical investments. Black Crane’s insistence on only making asymmetrical investments protects our investors from adverse outcomes.