Fragile = deteriorates under attack/pressure Robust = resistant to attack/pressure Anti-fragile = improves from attack/pressure How do we benefit from the uncertainty of a world we don't have a full understanding of and one that is dominated by "fat tails" [[uncertainty]] ## VOLATILITY & UNPREDICTABILITY impact things Leading to 3 categories of things that are: 1. Harmed by them 2. Neutral to them 3. Benefit from them large events like panics, crashes, wars, bubbles have a **disproportionate impact** on outcomes We can handle this world by either **PREDICTING IT** or **PREPARING FOR IT** ## Arm ourselves with Anti-fragility 1. Upside Optionality - Seeking out situations that we expect to have good odds of offering us opportunities - Give yourself the benefit of serendipity and randomness - Improve your odds of encountering opportunity 1. Learn to fail properly - Never take a risk that will do you in completely - Develop the resilience to learn from failures and start again Try to create scenarios where randomness and uncertainty are your friends not your enemies.