Quotes About Outperforming

The hidden benefit of antifragility is that you can guess worse than random and still end up outperforming.

Someone with a linear payoff needs to be right more than 50 percent of the time. Someone with a convex payoff, much less. The hidden benefit of antifragility is that you can guess worse than random and still end up outperforming. Here lies the power of optionality—your function of something is very convex, so you can be wrong and still do fine—the more uncertainty, the better.

Nobody beats the market, they say. Except for those of those of us who do.