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Optionality is for Innumerate Cowards

byrnehobart.medium.com · 2,422 words · saved by 3 readers

MBAs love to talk about “optionality” and how they want more of it. But you don’t need an MBA to explain yourself by saying you’re…

Optionality is for Innumerate Cowards Byrne Hobart 10 min read · Dec 10, 2018 -- 2 Listen Share MBAs love to talk about “optionality” and how they want more of it. But you don’t need an MBA to explain yourself by saying you’re “Keeping your options open.” Optionality is the Millennial lodestar: we keep our options open. This is bad behavior, both morally and financially. (Isn’t it great when markets reward virtue?) Press enter or click to view image in full size These mountain climbers probably haven’t even heard of put options. What’s wrong with optionality? We’ll get there, but first let’s t

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