The Antifragile Portfolio

Taleb did not just identify the problem — he proposed a solution. Beyond resilience (surviving shocks), he coined "antifragile": systems that actually get stronger from disorder. An antifragile portfolio does not just survive crashes — it benefits from them.

This means avoiding catastrophic losses at all costs while keeping exposure to positive Black Swans. Keep reserves to buy during a panic, and own assets that benefit from volatility — so a crash becomes an opportunity rather than a threat.