003: How to Take Risks and Thrive in a World of Uncertainty with Skin in the Game - Nassim Nicholas Taleb

Lessons from reading Skin in the Game by Nassim Nicholas Taleb (1960 - present). Skin in the Game argues that many of the world's problems spring from decision-makers unwilling to bear the risks of their ideas. Taleb argues that having skin in the game is necessary in life, commerce, and politics. Nassim Taleb is a scholar, former options trader, statistician, and risk analyst. Taleb is known for his work on probabilities, randomness, and risk. - 00:00:00 - Dying in battle 00:01:45 - Living with skin in the game 00:05:45 - The Silver Rule 00:07:44 - Hammurabi code 00:10:21 - Why experts don’t have skin in the game 00:12:50 - Intellectual Yet Idiots 00:13:45 - GMO companies vs. scientists 00:14:48 - Bob Rubin & bureaucrats getting rich 00:17:35 - A captain who abandons his ship 00:18:24 - Willing to bear the risk 00:22:35 - Tolstoy and his friends 00:24:45 - The difference between Napoleon and Julian the Apostate 00:26:55 - Corporate slaves vs. entrepreneurs 00:30:27 - Modern universities 00:32:00 - Harrow sparrows and virtue signalling 00:34:10 - Why God must have skin in the game 00:37:24 - The Minority Rule 00:41:40 - Live well - IJ Makan is a philosopher, designer, and martial artist. - Social & Website Instagram ⁠⁠https://www.instagram.com/ijmakan⁠⁠ Twitter ⁠⁠https://twitter.com/ijmakan⁠⁠ Website ⁠⁠https://becomingantifragile.com⁠⁠ Newsletter ⁠⁠https://ijmakan.substack.com

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