Skin In The Game | Nassim Nicholas Taleb

In Skin In The Game, Nassim Nicholas Taleb explains how the willingness of accepting one’s own risks is an important quality of heroes, saints and successful people in all walks of life. 

Skin In The Game is about the distortions of symmetry and reciprocity in life. If you have the rewards, you must also get some of the risks and not let others pay the price of your mistakes.

Here are my highlights from the book:

If you have the rewards, you must also get some of the risks, not let others pay the price of your mistakes. If you inflict risk on others, and they are harmed, you need to pay some price for it.

Don’t tell me what you “think,” just tell me what’s in your portfolio.