Skin in the Game: Hidden Asymmetries in Daily Life (Hardback)Nassim Nicholas Taleb (author)
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The bestselling author of The Black Swan is back with a book challenging many of our long-held beliefs.
Skin in the game is the ultimate BS filter and the engine of evolution. 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.
Publisher: Penguin Books Ltd
Number of pages: 304
Weight: 544 g
Dimensions: 240 x 162 x 29 mm
'The big picture he presents is powerfully argued' - The Times
'Nassim Nicholas Taleb is the Richard Wagner of uncertainty.' - The Sunday Times
'The most prophetic voice of all . . . Taleb is a genuinely significant philosopher . . . someone who is able to change the way we view the structure of the world through the strength, originality and veracity of his ideas alone' - John Gray, GQ
'A superhero of the mind' - Boyd Tonkin
'Taleb has succeeded in creating a full system that goes from empirics to ethics, which is exceedingly rare in the modern world. . . Very few people are able to create systems of thought that go across multiple disciplines and display internal coherence. This the uniqueness and importance of Nassim Taleb' - Branko Milanovic, author of Global Inequality
'The hottest thinker in the world' - Bryan Appleyard, Sunday Times
'A guru for every would-be Damien Hirst, George Soros and aspirant despot' - John Cornwell, The Sunday Times
'Wall Street's principal dissident' - Malcolm Gladwell
'A godlike oracle on the subject of risk' - John Authers, Financial Times
'Taleb's insatiable polymathic curiosity knows no bounds' - New Statesman
'Imagine someone with the erudition of Pico della Mirandola, the skepticism of Montaigne, solid mathematical training, a restless globetrotter, polyglot, enjoyer of fine wines, specialist of financial derivatives, irrepressible reader, and irascible to the point of readily slapping a disciple' - La Tribune, Paris