Skin in the Game

It is the backbone of risk management, but it’s also an astonishingly rich worldview that, as Taleb shows in this book, applies to all aspects of our lives.

Skin in the Game

Skin in the Game

#1 NEW YORK TIMES BESTSELLER • A bold work from the author of The Black Swan that challenges many of our long-held beliefs about risk and reward, politics and religion, finance and personal responsibility In his most provocative and practical book yet, one of the foremost thinkers of our time redefines what it means to understand the world, succeed in a profession, contribute to a fair and just society, detect nonsense, and influence others. Citing examples ranging from Hammurabi to Seneca, Antaeus the Giant to Donald Trump, Nassim Nicholas Taleb shows how the willingness to accept one’s own risks is an essential attribute of heroes, saints, and flourishing people in all walks of life. As always both accessible and iconoclastic, Taleb challenges long-held beliefs about the values of those who spearhead military interventions, make financial investments, and propagate religious faiths. Among his insights: • For social justice, focus on symmetry and risk sharing. You cannot make profits and transfer the risks to others, as bankers and large corporations do. You cannot get rich without owning your own risk and paying for your own losses. Forcing skin in the game corrects this asymmetry better than thousands of laws and regulations. • Ethical rules aren’t universal. You’re part of a group larger than you, but it’s still smaller than humanity in general. • Minorities, not majorities, run the world. The world is not run by consensus but by stubborn minorities imposing their tastes and ethics on others. • You can be an intellectual yet still be an idiot. “Educated philistines” have been wrong on everything from Stalinism to Iraq to low-carb diets. • Beware of complicated solutions (that someone was paid to find). A simple barbell can build muscle better than expensive new machines. • True religion is commitment, not just faith. How much you believe in something is manifested only by what you’re willing to risk for it. The phrase “skin in the game” is one we have often heard but rarely stopped to truly dissect. It is the backbone of risk management, but it’s also an astonishingly rich worldview that, as Taleb shows in this book, applies to all aspects of our lives. As Taleb says, “The symmetry of skin in the game is a simple rule that’s necessary for fairness and justice, and the ultimate BS-buster,” and “Never trust anyone who doesn’t have skin in the game. Without it, fools and crooks will benefit, and their mistakes will never come back to haunt them.”

More Books:

Skin in the Game
Language: en
Pages: 304
Authors: Nassim Nicholas Taleb
Categories: Philosophy
Type: BOOK - Published: 2018-02-27 - Publisher: Random House

#1 NEW YORK TIMES BESTSELLER • A bold work from the author of The Black Swan that challenges many of our long-held beliefs about risk and reward, politics and religion, finance and personal responsibility In his most provocative and practical book yet, one of the foremost thinkers of our time
Skin in the Game
Language: en
Pages: 32
Authors: Sabrina Vourvoulias
Categories: Fiction
Type: BOOK - Published: 2014-12-02 - Publisher: Tor Books

Three kinds of people live in Zombie City-La Boca Del Diablo: the zombies, los vivos, and the ghosts. Officer Jimena Villagrán, not truly at home with any of these groups, patrols the barrio for stalking monsters. Magic con men and discarded needles make this beat hazardous enough, but the latest
Skin in the Game
Language: en
Pages: 192
Authors: Major General Ret. Dennis Laich
Categories: Political Science
Type: BOOK - Published: 2013-08 - Publisher: iUniverse

"Major General Dennis Laich is a citizen, a soldier, and a patriot. In Skin in the Game, he invites Americans to reflect on this very hard truth: the all-volunteer force is a bad bargain. Basic US military policy needs changing. Here is an essential guide on where to begin." --Andrew
Skin in the Game
Language: en
Pages: 216
Authors: Jackie Barbosa
Categories: Political Science
Type: BOOK - Published: 2013-11-26 - Publisher: CreateSpace

When the competition's this hot, someone's bound to score. Angela Peterson was always the quiet, shy kid growing up in Harper Falls, crushing on the high school quarterback and honing her football strategy skills. Now grown up and coaching the high school team, she's shocked when that same sexy quarterback
Summary & Analysis of Skin in the Game
Language: en
Pages:
Authors: ZIP Reads
Categories: Business & Economics
Type: BOOK - Published: 101-01-01 - Publisher: ZIP Reads

PLEASE NOTE: This is a summary and analysis of the book and not the original book. If you'd like to purchase the original book, please paste this link in your browser: https://amzn.to/2FXsP9l Nassim Nicholas Taleb challenges conventions about success, change, and equanimity in his bestselling book, Skin in the Game:

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