Skin In The Game (Book Review)

► Skin Hanging Around (The Review) ◄

Today I am going to speak about Skin Hanging Around.

This is actually the book description, obtained from Amazon . com:

“In the most provocative and practical book yet, among the foremost thinkers in our time redefines what it really way to comprehend the world, flourish in an occupation, lead to some fair and merely society, identify nonsense, and influence others. Citing examples varying from Hammurabi to Seneca, Antaeus the enormous to Jesse Trump, Nassim Nicholas Taleb shows the way the readiness to simply accept one’s own risks is a vital attribute of heroes, saints, and flourishing individuals all walks of existence.

Of course both accessible and iconoclastic, Taleb challenges lengthy-held beliefs concerning the values of individuals who spearhead military interventions, make financial investments, and propagate religious faiths. Among his insights:

• For social justice, concentrate on symmetry and risk discussing. You can’t make profits and transfer the potential risks to other people, as bankers and enormous corporations do. You can’t get wealthy without owning your personal risk and having to pay for your own personel losses. Forcing skin hanging around corrects this asymmetry much better than a large number of laws and regulations and rules.

• Ethical rules aren’t universal. You’re a part of an organization bigger than you, but it’s still smaller sized than humanity generally.

• Minorities, not majorities, run the planet. The planet isn’t operated by consensus but by persistent minorities imposing their tastes and ethics on others.

• You may be an intellectual but still be a fool. “Educated philistines” happen to be wrong on from Stalinism to Iraq to low-carb diets.

• Watch out for complicated solutions (that somebody was compensated to locate). An easy barbell can take shape muscle much better than costly new machines.

• True religion is commitment, not only belief. Just how much you think in something is manifested only in what you’re prepared to risk for this.

The saying “skin within the game” is a we’ve frequently heard but rarely stopped to really dissect. It’s the backbone of risk management, but it is also an astonishingly wealthy worldview that, as Taleb shows within this book, pertains to every aspect of our way of life. As Taleb states, “The symmetry of skin hanging around is a straightforward rule that’s essential for fairness and justice, and also the ultimate BS-buster,” and “Never trust anybody who does not have skin hanging around. Without them, fools and crooks may benefit, as well as their mistakes won’t ever return to haunt them.”

Skin hanging around (Hidden Asymmetries in Daily Existence): https://simpleprogrammer.com/yt/skininthegame

“Antifragile” The Review: https://world wide web.youtube.com/watch?v=BDknF04hSvM

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Skin In The Game (Book Review)
Skin In The Game (Book Review)
Skin In The Game (Book Review)
Skin In The Game (Book Review)

Skin In The Game (Book Review)

Skin In The Game (Book Review)



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