Skin in the Game: Hidden Asymmetries in Daily Life Audiobook (Free)

#1 NY TIMES BESTSELLER • A bold work from the author of The Dark Swan that issues quite a few long-held values about risk and incentive, politics and religious beliefs, fund and personal responsibility

In his most provocative and useful book yet, one of the most important thinkers of our time redefines what this means to understand the world, succeed in a profession, donate to a fair and society, detect nonsense, and impact others. Citing examples ranging from about Epidermis in the Game: Hidden Asymmetries in Daily Life Hammurabi to Seneca, Antaeus the Giant to Donald Trump, Nassim Nicholas Taleb displays how the determination to simply accept one’s personal risks is an important feature of heroes, saints, and flourishing people in all walks of life.

As often both available and iconoclastic, Taleb problems long-held values about the beliefs of these who spearhead armed forces interventions, make financial assets, and propagate spiritual faiths. Among his insights:

• For cultural justice, concentrate on symmetry and risk posting. You can not make income and transfer the risks to others, as bankers and huge corporations do. You are unable to get wealthy without buying your very own risk and spending money on your own deficits. Forcing epidermis in the game corrects this asymmetry much better than thousands of regulations.

• Ethical rules aren’t general. You’re section of a group bigger than you, but it’s still smaller sized than humanity in general.

• Minorities, not majorities, operate the globe. The world is not operate by consensus but by persistent minorities imposing their tastes and ethics on others.

• You will be an intellectual but still become an idiot. “Educated philistines” have been wrong on from Stalinism to Iraq to low-carb diet programs.

• Beware of challenging solutions (that someone was paid to find). A simple barbell can build muscle better than costly new machines.

• True religion can be commitment, not only faith. How much you genuinely believe in something can be manifested only by what you’re ready to risk for it.

The phrase “skin in the game” is one we have often heard but rarely stopped to seriously dissect. It’s the backbone of risk administration, but it’s also an astonishingly wealthy worldview that, as Taleb shows in this book, applies to all areas of our lives. As Taleb says, “The symmetry of epidermis in the overall game is a simple rule that’s essential for fairness and justice, and the ultimate BS-buster,” and “By no means trust anyone who doesn’t possess skin in the game. Without it, fools and crooks will advantage, and their errors will never come back to haunt them.”