Skin In The Game
from What You Will Learn
Skin In The Game is about the distortions of symmetry and reciprocity in life. If you have the rewards, you must also get some of the risks and not let others pay the price of your mistakes. In Skin In The Game, Nassim Nicholas Taleb explains how the willingness of accepting one’s own risks is an important quality of heroes, saints and successful people in all walks of life. Utilising examples from Hammurabi to Seneca and Antaeus the Giant to Donald Trump, Taleb shows us that having skin in the game is the backbone of risk management. No muscles without strength. No friendship without trust. No Teaching without experience. No life without effort. Skin in the game applies to all aspects of our lives because it helps us to learn and understand the world.
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