EAN: 9780141982656

SKIN IN THE GAME - NASSIM NICHOLAS TALEB KARTON...

From the bestselling author of The Black Swan  a bold book that challenges many of our
long-held beliefs about risk and reward  politics and religion  finance and personal
responsibility 'Skin in the game means that you do not pay attention to what people say  only
to what they do  and how much of their neck they are putting on the line'Citizens  artisans 
police  fishermen  political activists and entrepreneurs all have skin in the game. Policy
wonks  corporate executives  many academics  bankers and most journalists don't. It's all about
having something to lose and sharing risks with others. In his most provocative and practical
book yet  Nassim Nicholas Taleb shows that skin in the game  often seen as the foundation of
risk management  in fact applies to all aspects of our lives. In his inimitable style  Taleb
draws on everything from Antaeus the Giant to Hammurabi to Donald Trump  from ethics to used
car salesmen  to create a jaw-dropping framework for understanding this idea. Among his
insights: For social justice  focus on symmetry and risk sharing. Minorities  not majorities 
run the world. You can be an intellectual yet still be an idiot. Beware of complicated
solutions (that someone was paid to find). Just as The Black Swan did during the 2007 financial
crisis  Skin in the Game comes at precisely the right moment to challenge our long-held beliefs
about risk  reward  politics  religion and business - and make us rethink everything we thought
we knew.

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