Skin in the Game - by Nassim Nicholas Taleb | Derek Sivers
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Skin in the Game - by Nassim Nicholas Taleb | Derek Sivers
It is not just that skin in the game is necessary for fairness, commercial efficiency, and risk management: skin in the game is necessary to understand the world.
Nassim Nicholas Taleb • Skin in the Game: Hidden Asymmetries in Daily Life
Everyone wants a guaranteed reward before they put themselves at risk. The world does not work that way. Not everyone succeeds. No matter how much you plan or prepare, a good portion of the outcome will remain in the hands of Fortune and happenstance. Generations have railed against this reality to no avail. On the other hand, you can’t succeed if
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