“Let me stop to issue rules based on the chapter so far. (i)
Look for optionality; in fact, rank things according to optionality, (ii)
preferably with open-ended, not closed-ended, payoffs; (iii) Do not invest in
business plans but in people, so look for someone capable of changing six or
seven times over his career, or more (an idea that is part of the modus
operandi of the venture capitalist Marc Andreessen); one gets immunity from the
backfit narratives of the business plan by investing in people. It is simply
more robust to do so; (iv) Make sure you are barbelled, whatever that means in
your business.” –Nassim Taleb, Antifragile
