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Skin in the Game: Hidden Asymmetries in Daily Life

Key insights from

Skin in the Game: Hidden Asymmetries in Daily Life

By Nassim Nicholas Taleb

Audio available 13 minute read Published Feb 27, 2018

What you'll learn

There’s a growing gap in the modern world between ideas and the concrete realities those ideas represent. The impact on flesh-and-blood human beings has been severe. We’re much better at talking about things than truly understanding them. If we’re unwilling to have skin in the game—to risk and sacrifice, to do instead of just talk—life becomes a shadow of what it should be. It also becomes dangerous. Reality has a way of catching up with every person and system that doesn’t have skin in the game. 

Key insights

  1. 1 Humanity endangers itself when it loses connection to the real world.
  2. 2 Historically, heroes are born in the fray—not in libraries.
  3. 3 The Silver Rule is even better than the Golden Rule.
  4. 4 People usually lose skin in the game when they become wealthy, but they’re also more vulnerable than you think.
  5. 5 There’s no genuine religion or life worth living that’s devoid of sacrifice and risk.
  6. 6 Take your grandmother’s advice over an intellectual’s.

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