From the New York Times bestselling author of The Black Swan, a bold new work that challenges many of our long-held beliefs about risk and reward, politics and religion, finance and personal responsibility In his most provocative and practical book yet, one of the foremost thinkers of our time redefines what it means to understand the world, succeed in a profession, contribute to a fair and just society, detect nonsense, and influence others. Citing examples ranging from Hammurabi to Seneca, Antaeus the Giant to Donald Trump, Nassim Nicholas Taleb shows how the willingness to accept ones own risks is an essential attribute of heroes, saints, and flourishing people in all walks of life. As always both accessible and iconoclastic, Taleb challenges long-held beliefs about the values of those who spearhead military interventions, make financial investments, and propagate religious faiths. Among his insights: For social justice,focus on symmetry and risk sharing. You cannot make profits and...
|Title||:||Skin in the Game: The Hidden Asymmetries in Daily Life (Incerto #5)|
|Number of Pages||:||272 pages|
|Status||:||Available For Download|
|Last checked||:||21 Minutes ago!|
Skin in the Game: The Hidden Asymmetries in Daily Life (Incerto #5) Reviews
I like Taleb's books while hating his politics. I like that he says what he thinks is true and doesn't care who he pisses off. He is also right about a lot of things. He is on target with his jibes at chattering classes who no skin in the game and blythly go on about issues that they will lose nothing on if they are wrong. no accountability. when he goes off on politics defending Trump he goes off rails. Just because his enemies who he calls intellectual yet idiots despise Trump it doesn't besto ...more
I’ve read Taleb’s books The Black Swan and Fooled By Randomness so I’m accustomed to his lessons. With that said, I think this is a well-written book, as expected, but I don’t believe I learned much from it that I didn’t already know from his previous writings. The point that skin in the game is necessary for accurate examination of changes in the economy and policies is informative and one that economists often overlook, though I think Taleb exaggerates the rate economists overlook this point, ...more
I waded into this book warily. NN Taleb was a personal favourite due to his ability to stand up to a large section of the establishment which does not practice what it preaches. Yet over the years his diatribes and jeers towards anyone who doesn’t agree with his world view was a bit jarring. Taleb is hailed by Manu Joseph ( Columnist at The Mint who wrote the amazing “Illicit happiness of other people”) among others.
This book did not disappoint in terms of either, his acute insight or his acerbi ...more
Five stars only because six weren't available.
Taleb’s ‘Skin in the Game’ has been put together in a somewhat disorderly way, but the reasoning goes as follows:
1. The world in which we live is complex and eludes our sense-making faculties.
2. Our society has cultivated a privileged class of Intellectuals Yet Idiots (IYIs). These people monopolize positions of authority and routinely take decisions to intervene in that complex world, without however doing the effort to think through the cascading impacts of these decisions and being convenient ...more
Few authors through their writing have the ability to make one really think; Taleb is one of the few who can and does.
There are many ways to be critical about this book, and the criticisms would not be groundless.
For one, Taleb expresses contempt for many present-day scholars such as Steven Pinker, Richard Thaler, and Thomas Picketty. One of the nicer expressions he coins for this group is IYI (Intellectual Yet Idiot).
As is usually the case, an attack on another tends to reflect more on onese ...more
Taleb is at it again: writing a great book while at the same time insulting almost everyone notable
Skin in the game is important for us to judge whether. particular advice should be followed. Thus people with a reputation to uphold (professionals), people who risk their own money (business founders and hedge fund managers), people who risk their lives (firemen, police) should be given more credibility when they give advice. On the other hand, people with no skin in the game, or interventionista ...more
"Skin in the Game" is fourth book of Taleb's Incerto. This volume focuses on Asymmetries in a range of things, from politics, to religion, to GMO. The book presents insights in very readable way, combined with real stories and well peppered by Taleb's trademark arrogance.