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#269 - Richard Meadows - Optionality: How To Make Your Own Luck In Life
Modern Wisdom
Are You Getting Negative Optionality Wrong?
Insurance is like almost an inversion of the concept of optionality, because it protects you against those large downside risks. Another good example might be during the cove 19 situation or disaster preparedness more generally. Failed to take simple protective measures like that, i would also argue a sort of a failure of imagination and a kind of common brisk management mistake.
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