Personal Perspective



  1. Convexity is easier to attain than knowledge
  2. A "1/N" strategy is almost always best with convex strategies
  3. Serial optionality
    • stay flexible with frequent ways out
    • be very short term
  4. Nonnarrative research
    • black swan harvesting
    • agents who know how to use th eoption by opportunistically switching and ratcheting up
  5. Theory is born from practice more often than the reverse
  6. Premium for simplicity
  7. Better cataloguing of negative results