Risk Management13 min read
The 'Barbell Strategy' for a freelance career
The **barbell strategy**, associated with Nassim Nicholas Taleb, combines a conservative core with a smaller exposure to uncertain opportunities. Taleb's [co-authored research on barbell portfolios](https://www.fooledbyrandomness.com/barbell.pdf) describes the separation of these risk profiles; it does not establish a universal career allocation. For a freelancer, the useful adaptation is to protect essential cash flow and delivery capacity, then test projects whose failure you can absorb. A 90/10 split can illustrate a time budget, but it is not an investment prescription or a guarantee that the core is safe.
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