#443
Mentioned in 46 episodes

Skin in the game

Book • 2018
In 'Skin in the Game', Nassim Nicholas Taleb argues that having personal stakes in the outcomes of decisions is crucial for fairness, commercial efficiency, and risk management.

The book highlights how individuals and systems that are insulated from the consequences of their decisions often make poor choices.

Taleb draws on historical and contemporary examples to illustrate the importance of symmetry in risk and reward, and how this principle affects various domains, including politics, economics, and personal life.

The book emphasizes that true learning and improvement come from experiencing the consequences of one's actions, a concept encapsulated in the Greek idea of 'pathemata mathemata' or 'guide your learning through pain'.

Mentioned by

Mentioned in 46 episodes

Mentioned by the podcast hosts when discussing the importance of long-term thinking.
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, referencing his work on the disconnect between intellectual beliefs and real-world behavior.
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as one of
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as some of his favorite books.
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Naval Ravikant
as a book he rereads because it contains many applicable insights relevant to his life.
198 snips
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Curt Jaimungal
when discussing Taleb's book "Skin in the Game".
109 snips
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Clay Finck
as one of Nassim Taleb's other books.
52 snips
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Jane Wurwand
when discussing her early years and the impact of her father's death.
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David Senra
when discussing the concept of "soul in the game".
51 snips
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Erwähnt von
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Alexander Schatten
im Zusammenhang mit der Gestaltung von Strukturen, die Verantwortung für eigene Entscheidungen fördern.
48 snips
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Naval Ravikant
and Nivy as essential reading to understand modern systems and the link between accountability and reward.
41 snips
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Erwähnt im Zusammenhang mit der Diskussion über Risikobewertung und dem Konzept der Asymmetrie von Risiken und Lösungen.
40 snips
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Mentioned by Brian Stoffel, highlighting its influence on his approach to transparency and risk management.
38 snips
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Mencionado por
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Luis Ramos
en conexión con el concepto de solo confiar en gente que tiene algo que perder en el resultado.
33 snips
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Mentioned by
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John Hardy
when introducing someone who is an acolyte of Nassim Taleb.
33 snips
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Mencionado por
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François Derbaix
en relación al aprendizaje y la asunción de riesgos.
30 snips
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Daniel Gardner
when discussing the importance of understanding cognitive bias in corporate environments.
28 snips
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Mentioned by
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Joseph Jacks
, referring to Taleb's assertion that equity is worthless if company management lacks personal investment.
25 snips
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