Skin in the Game

by Nassim Nicholas Taleb

Category: Business & Economics

Book Reviews

  • Skin in the Game by @nntaleb is the non-fiction book I've read recently that has stuck with me the most. This is a thread of my highlights, with no additional commentary. If they're interesting, I recommend reading the book.Link to Tweet
  • @Rob_Reid @curateitforme Taleb’s Skin in the Game doesn’t mean identity / incentive. It means suffering downside risk if you are wrong. AI scientists have the opposite situation. They get personal benefits if they’re right and socialize the losses if they’re wrong.Link to Tweet
  • @RolandDecker Vasishta Yoga, The Book of Nothing, Math (Better Explained), Skin in the Game, 12 Rules for Life, The Path to Love, Faraday Maxwell and the Electromagnetic Field, Direct Truth, The Gay Science, Permutation City, The Order of a Time, and many, many others.Link to Tweet

About Book

From the bestselling author of The Black Swan, a bold book that challenges many of our long-held beliefs about risk and reward, politics and religion, finance and personal responsibility 'Skin in the game means that you do not pay attention to what people say, only to what they do, and how much of their neck they are putting on the line' Citizens, artisans, police, fishermen, political activists and entrepreneurs all have skin in the game. Policy wonks, corporate executives, many academics, bankers and most journalists don't. It's all about having something to lose and sharing risks with others. In his most provocative and practical book yet, Nassim Nicholas Taleb shows that skin in the game, often seen as the foundation of risk management, in fact applies to all aspects of our lives. In his inimitable style, Taleb draws on everything from Antaeus the Giant to Hammurabi to Donald Trump, from ethics to used car salesmen, to create a jaw-dropping framework for understanding this idea. Among his insights: For social justice, focus on symmetry and risk sharing. Minorities, not majorities, run the world. You can be an intellectual yet still be an idiot. Beware of complicated solutions (that someone was paid to find). Just as The Black Swan did during the 2007 financial crisis, Skin in the Game comes at precisely the right moment to challenge our long-held beliefs about risk, reward, politics, religion and business - and make us rethink everything we thought we knew.

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