Skin in the Game – chapter drafts by Nassim Taleb
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Skin in the Game – chapter drafts by Nassim Taleb
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Re: Skin in the Game – chapter drafts by Nassim Taleb
#2Re: Skin in the Game – chapter drafts by Nassim Taleb
#3There is a positive spin of the expression, e.g. the entrepreneur, who has skin in the game of his company via his shares and resources. This scenario (ideally) results in eustress.
However, there is also a negative spin of the expression, e.g. an employee, who has skin in the game by being afraid of losing his job. Usually, this leads to distress over the long term.
Hence, if I want to employ someone I face a dilemma: the employee should have skin in the game, but it shouldn't create distress. There's a huge set of options you can go with as the employer, but I wonder if there is an optimal solution.
Re: Skin in the Game – chapter drafts by Nassim Taleb
#4Re: Skin in the Game – chapter drafts by Nassim Taleb
#5Re: Skin in the Game – chapter drafts by Nassim Taleb
#6"The establishment composed of journos, BS-Vending talking heads with well-formulated verbs, bureaucrato-cronies, lobbyists-in training, New Yorker-reading semi-intellectuals, image-conscious empty suits, Washington rent-seekers and other "well thinking" members of the vocal elites are not getting the point about what is happening and the sterility of their arguments. People are not voting for Trump (or Sanders). People are just voting, finally, to destroy the establishment." - 7th March - https://www.facebook.com/nntaleb/posts/10153654273663375
"What we are seeing worldwide, from India to the UK to the US, is the rebellion against the inner circle of no-skin-in-the-game policymaking "clerks" and journalists-insiders, that class of paternalistic semi-intellectual experts with some Ivy league, Oxford-Cambridge, or similar label-driven education who are telling the rest of us 1) what to do, 2) what to eat, 3) how to speak, 4) how to think... and 5) who to vote for. With psychology papers replicating less than 40%, dietary advice reversing after 30y of fatphobia, macroeconomic analysis working worse than astrology, microeconomic papers wrong 40% of the time, the appointment of Bernanke who was less than clueless of the risks, and pharmaceutical trials replicating only 1/5th of the time, people are perfectly entitled to rely on their own ancestral instinct and listen to their grandmothers with a better track record than these policymaking goons. Indeed one can see that these academico-bureaucrats wanting to run our lives aren't even rigorous, whether in medical statistics or policymaking. I have shown that most of what Cass-Sunstein-Richard Thaler types call "rational" or "irrational" comes from misunderstanding of probability theory." - 9th March - https://www.facebook.com/nntaleb/posts/10153658794008375
"Nassim Taleb: Skin in the Game" - 2m48s - 22nd April - https://www.youtube.com/watch?v=0Uc4DI-BF28
Re: Skin in the Game – chapter drafts by Nassim Taleb
#7Am I the only one who doesn't enjoy Taleb's writing style? I find that he tends to use overly complex vocabulary to explain very simple ideas.
Re: Skin in the Game – chapter drafts by Nassim Taleb
#8Am I the only one who doesn't enjoy Taleb's writing style? I find that he tends to use overly complex vocabulary to explain very simple ideas.
Re: Skin in the Game – chapter drafts by Nassim Taleb
#9Read some of the preview chapters, posted here and twitter feed. Fits very well with his writing style and over all theme. I look forward to read this book.
Re: Skin in the Game – chapter drafts by Nassim Taleb
#10For somebody who wrote 'Fooled by ..' one of my favorite books of all time, he certainly doesn't seem to suffer from self-doubt when it comes to stating his personal hypotheses. I can look past his condescending tone (especially towards the wealthy and 'pseudo' intellectuals), but his certitude in his own ideas -- especially after pressing home the point that we are surrounded by randomness -- tarnishes his punditry…
However, he also comes off as quite arrogant to me with criticism of just about all others in society except for himself for one reason or another. Criticism of 'pseudo' intellectuals is especially ironic -- as at this point in his career he is probably best described as a pseudo-intellectual book author.