Optionality becomes more valuable under conditions of uncertainty As our world gets weirder, the problem of decision-making under uncertainty gets harder, which makes it more important to maintain optionality. This is partly a defensive play: optionality acts as a stand-in for intelligence, and means we don't have to rely on flawed models and detailed forecasts. But it is also opportunistic: it positions us to benefit from violent swings in future states of the world. If you have optionality, volatility is your friend.
