Tag: antifragility
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Invest into Antifragile Start ups
An interesting thread here about how many start ups are going to be laying off staff / downsizing / failing over the next year or so because the expected revenue can not give the return for the sheer amount of seed funding that has gone into funding the start ups. Basically if 100m has been…
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Improve your Uncertainty Tolerance
Breaking through paradigms with uncertainty! “Paradoxically, uncertainty holds potential for both pain and possibility. This potential lies in your uncertainty tolerance. Rather than just the avoidance of pain, uncertainty tolerance opens opportunities reserved for those who embrace the unknown.” From the research, Conniff knows that not only is “uncertainty the number one driver of anxiety,…
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Miners as Earliest Seekers of Asymmetric Upside
“In contrast to the forethought and sober plodding of the peasant, the work of the miner is the calm of random effort: irregular in routine and uncertain in result. Neither the peasant nor the herdsman can get rich quickly: the first clears a field or plants a row of trees this year from which perhaps…
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A Community as a Hedge Against Fragility
In the book ‘You are what you risk’ a similar point is made about the risk ecosystem – “the cultural social, policy and economic environment that affects the risk decisions of an individual or organisation.” Wucker tells the tale of how a couple found themselves in $1m of debt but were in a better situation…
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Almost Half of Americans are Financially Fragile
Or ‘financially impotent’ as the author likes to describe himself in this article, and gladly includes himself in this group of financial ignoramuses – even though: But like half of Americans he couldn’t muster up $400 to pay an emergency bill. “Research indicates that when people get some money—a bonus, a tax refund, a small inheritance—they…
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Passive Incomes
Increasing personal freedom and antifragility through passive income (capital, code and content) Things I found the most useful:
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Antifragile Metrics
For some time I’ve been thinking about metrics for antifragility. I first came across Troy Magennis’s framework: the ‘Six Dimensions of Team Performance” (perhaps worth reading first) and remember thinking at the time that his framework was fairly close to describing an antifragile system already. I thought I’d have a go at modifying it and…
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What Does Risk Mean?
If you think about the word ‘risk’ – what comes to mind? Throughout history, ‘risk’ has had slightly different connotations. Tracing the etymology, Michele Wucker provides a few clues into its various meanings, which could be summarized as: When I think about commercial settings, and the context in which risks are usually discussed, I think…
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Antifragility for Agilists
Yesterday we hosted a talk at the Global Scrum Master Summit about antifragility for Scrum Masters (or any agilists, really!), and what Scrum Masters can learn and gain from antifragilty. We first guided participants through the concept of antifragility, starting with a story about chaikhanas (Afghan tea houses and how they’re antifragile), then we looked at an example from…
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Ernest Hemmingway: Antifragilista
I watched a documentary about Ernest Hemmingway. He traveled and lived in many places around the world seeking out the wild and novel. Hunting, bull running, drinking, street fighting, poetry, womanizing, marlin fishing, etc – basically living life to the max – the volume turned up to full. A real character. What I found interesting was…