Monday, 22 April 2019

Skin in the Game: Hidden Asymmetries in Daily Life by Nassim Nicholas Taleb




Non-skin-in-the-game people don't get simplicity.




People have two brains, one when there is skin in the game, one when there is none.




What you learn from the intensity and the focus you had when under the influence of risk stays with you.




If you can't put your soul into something, give it up and leave that stuff to someone else.




The most effective, shame-free policy is maximal transparency, even transparency of intentions.




Whenever the "we" becomes too large a club, things degrade, and each one starts fighting for his own interest.




The Samurai had to leave their families in Edo as hostages, thus guaranteeing to the authorities that they would not take positions against the rulers.




The problem is never the problem; it is how people handle it.