Introduce Asymmetric risks into your life.
To be symmetrical is to have both sides mirror each-other exactly. When you take a symmetrical risk, the potential downside is equally equal to the potential upside. The point of looking elsewhere and adopting a framework for asymmetrical risks is in order for you to cap that potential downside while not sacrificing any of the potential upside.
It turns out most risks we take are actually asymmetrical by nature.
Very few behaviours, actions, investments or risks we engage in, spell as reliably a potential downside equal to their potential upside. It is more true that in reality it more likely skews unevenly one way or the other.
Listen to the podcast to learn more. I give many examples of asymmetrical risks both inside and outside of the markets.
The Incerto & Nassim Taleb Podcast – Listen On Apple HERE – Listen On Spotify Below.
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