Skin in the Game : Hidden Asymmetries in Daily Life
by Nassim Nicholas Taleb
Editor: RANDOM HOUSE
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From the New York Times best-seller author of The Black Swan, a bold new work that challenges many of our beliefs about risk and reward, politics and religion, finance and personal responsibility In his most provocative and practical book yet, one of the greatest thinkers of our time redefines what it means to understand the world, succeed in a profession, contribute to an equitable society.By citing examples ranging from Hammurabi to Seneca, Antaeus the Giant of Donald Trump, Nassim Nicholas Taleb shows how the willingness to accept one’s own risks is an essential attribute of heroes, saints and the fulfilment of people from all walks of life.As always accessible and iconoclastic at the same time, Taleb challenges with long beliefs on the values of those who spearhead military interventions, make financial investments, and propagate religious faith.Among his ideas: – For social justice, the emphasis on symmetry and risk sharingYou can’t make profits and transfer the risks to others, as bankers and large corporations do not want them to.You can’t become rich without owning your own risk and paying for your own lossesForcing the skin into the game corrects this asymmetry better than thousands of laws and regulations.Ethical rules are not universalYou are part of a larger group than yourself, but it is even smaller than humanity in general.Minorities, not majorities, to run the worldThe world is not managed by consensus, but by stubborn minorities imposing their tastes and ethics on othersYou can be an intellectual, but still be an idiot.Educated Philistines” were wrong about everything from Stalinism to Iraq’s low-carb regimes.Beware of the complexity of solutions (that someone has been paid to find)A single bar can build muscle better than expensive new machines.True religion is commitment, not only faithHow much do you believe in something in a mani
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