EP 329. 20 Lessons About Banking from Maxfield on Banks
Focused Compounding
00:00
Skin in the Game Matters, but Not for Catastrophic Risk
I think skin in the game matters, but not for the things that people think oti. People who own a lot of a business may take massive risks with it. Having last kin in the game does incentivize people to make the right financial decision at the risk of being less well liked and stuff like that.
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