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New York Times Bestsellers • From The author The bold new work of the black swan has challenged us for a long time to risk and reward, political and religious, financial and personal responsibility
In his most provocative and practical book, one of the most important thinkers of our time has redefined the meaning of understanding the world, successfully engaging in professionalism, making contributions to a fair and just society, detecting nonsense, and influencing others. . For example, from Hammurabi to Seneca, Giants Antes to Donald Trump, Nassim Nicholas Taleb demonstrated that the willingness to accept their own risks is a hero, saints and prosperous people in all walks of life. The nature of the property.
As always, whether it is easily accessible or counter-traditional, Taleb has long challenged the values of those who have taken the lead in military intervention, investing in finance, and promoting religious beliefs. In his opinion:
• For social justice, focus on symmetry and risk sharing. You cannot create profits and transfer risks for others like bankers and big companies. If you do not have your own risks and pay for your own losses, you cannot make a fortune. Forced skin to correct this asymmetry in the game is better than tens of thousands of laws and regulations
• Ethical rules are not universal You are a member of a larger group than you, but it is generally Smaller than humans.
• Minorities, not most people, run the world. The world does not operate by consensus, but by the stubborn minority imposes their taste and morality on others
• You can become an intellectual but still an idiot "Educated mediocre people "It is wrong to go from Stalinism to Iraq to a low-carbon diet.
• Beware of complex solutions (someone pays for it) A simple barbell is more muscular than an expensive new machine
• True religion is a promise, not just a belief.
The phrase "the skin in the game" is something we often hear but rarely stops to really dissect. It is the backbone of risk management, but it is also an amazingly rich world view, as Taleb demonstrated in this book, which applies to all aspects of our lives. As Taleb said: "Skin symmetry in games is a simple rule, necessary for fairness and justice, and it is the ultimate BS killer," and "everybody who never believes that there is no skin in the game." It, fools and fraudsters will benefit, and their mistakes will never come back to bother them."
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Orignal From: Skin in play: Asymmetry hidden in everyday life
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