It was life-changing for me when I read Nassim Taleb's book The Black Swan. Suddenly, it became obvious how the world worked; the colossal role of randomness, compexity, and - above all - opacity. We just can't predict what will happen. In fact, we make things worse by predicting, confidently.
But when I read Antifragile, I became even more thrilled. Of course! The way to win in opacity is to take the fragile approaches and turn them on their head. That way, you become antifragile. Rather than losing from sudden unpredicted events, you win from them.
But how?!
- How, in practice, do you become antifragile?
- How, in practice, if you are an everyday investor, do you really win from market chaos?
- How, if you have a job and a family, can you get the kind of confident ease, the simplicity of decision-making, that antifragility promises?
For years, I wrestled with this, trying and tinkering as much as I could to translate principles and graphs into real-life. Despite how popular these books have become, I couldn't find anyone, anywhere who was spelling out how you actually live like this in detail. Is there even a way to build relationships which is antifragile? Can you be an antifragile parent? Can you enjoy uncommon health in your 40s through an antifragile way of training? And, how would I - on a small income, with only a tiny amount available to invest, learn to win from market crashes?
I concluded that there wasn't really anyone in a position to teach me. And this became my great gift. I had to learn for myself.
Fast forward to 2020, when the world was turned upside down by the coronavirus pandemic, almost in an instant. That's when I realised that I had learned what I had been working on for so long:
1. I made money from the market crash. I simply woke up to find that my downsides had been neatly limited, and the 'tail hedges' I had put in place had turned into hugely profitable winners. I realised I had refined a way for an individual investor with a tiny portfolio to be antifragile. It had become easy, at last.
2. My health got better and better. Through lockdowns and restrictions, I realised that the application of antifragility principles (and response to stress) to the way I lived and exercised had made it easy for me to feel great.
3. Our family life was a joy, while it was a strain for so many others. Since we had learned how to structure for ease rather than for efficiency.
4. I settled on clear, antifragile criteria for investing in start-ups. This developed into advising start-ups. Once again; easy, simple ways to win in all weathers.
After all this, I realised I had to found The Antifagile Company, an online hub where like-minded practitioners could learn and collaborate. For people who want to learn to win in all weathers, with ease. In particular, if you are an entrepreneur or angel investor, we're here to serve you. You'll find tools specifically for antifragile investing (like our guide to tail-risk hedging), for getting started in Angel Investing and much more, all packaged within a wide-randing course that maps antifragile principles to all areas of life.
After all, if our course wasn't wide-ranging over multiple domains of real-life, it wouldn't be antifragile...