In his inimitable, pugnacious style, Taleb creates a jaw-dropping framework for understanding this idea. Skin in the Game challenges our long-held beliefs about risk, reward, politics, religion and finance - and makes us rethink everything we thought we knew.
Why should we never listen to people who explain rather than do? Why do companies go bust? How is it that we have more slaves today than in Roman times? Why does imposing democracy on other countries never work?
The answer: too many people running the world don't have skin in the game. In this provocative book, Nassim Nicholas Taleb shows that skin in the game applies to all aspects of our lives. It's about having something to lose and taking a risk. Citizens, lab experimenters, artisans, political activists and hedge fund traders all have skin in the game. Policy wonks, corporate executives, theoreticians, bankers and most journalists don't.
About the Author
Nassim Nicholas Taleb has devoted his life to immersing himself in problems of luck, uncertainty, probability and knowledge. Part literary essayist, part empiricist, part no-nonsense mathematical trader, he is currently Dean's Professor in the Science of Uncertainty at the University of Massachusetts at Amherst. His last book, the bestseller Fooled by Randomness, has been published in eighteen languages and was selected by Fortune magazine as one of "The Smartest Books of All Time". Taleb lives mostly in New York.
"Nassim Nicholas Taleb is the Richard Wagner of uncertainty. While the Ring Cycle of the German composer/librettist portrayed the struggle of the gods in a series of operas, the Incerto series of books by the Lebanese-American author is devoted to humans — specifically how we deal with the endemic risk in our all-too-finite existence"
Dominic Lawson, Sunday Times
"The most prophetic voice of all . . . Taleb is a genuinely significant philosopher . . . someone who is able to change the way we view the structure of the world through the strength, originality and veracity of his ideas alone"
John Gray, GQ
"As always with Taleb, this is a fascinating set of ideas. And he's right. People with skin in the game learn how the game works. Without it, they don't"
William Leith, Evening Standard