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rational vc

#053 - Skin in the Game: Nassim Taleb (Incerto Series)

Jul 25, 2024
Join Nassim Taleb, author of the Incerto series, as he discusses the importance of 'skin in the game' in decision-making, ethics, employment, and taking risks. Explore concepts like the minority rule, virtues for young people, financial minimalism, and the illusion of business plans. Reflect on the relationship between belief and sacrifice in religion, ergodicity in risk management, and the evolution of rationality over time.
02:58:49

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Podcast summary created with Snipd AI

Quick takeaways

  • Justice requires 'skin in the game,' as exemplified by an ancient story of facing consequences.
  • Nassim Taleb's book focuses on essays, showcasing his evolved writing style.

Deep dives

Historical Example of Justice with Skin in the Game

In ancient Persia, a corrupt judge was flayed alive by order of the king as a punishment for violating rules of justice. The judge's son later dispensed justice from his father's chair lined with his flayed skin, emphasizing that justice comes with literal skin in the game.

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