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To have "skin in the game" is to have incurred risk (monetary or otherwise) by being involved in achieving a goal. In the phrase, "skin" refers to an investment (literal or figurative), and "game" is the metaphor for actions on the field of play under discussion.
Feb 27, 2018 · The most influential book of the past seventy-five years: a groundbreaking exploration of everything we know about what we don’t know, now with a new section called “On Robustness and Fragility.”. An investigation about luck–or more precisely, about how we perceive and deal with luck in life and business.
Skin in the Game: Hidden Asymmetries in Daily Life (acronymed: SITG) is a 2018 nonfiction book by Nassim Nicholas Taleb, a former options trader with a background in the mathematics of probability and statistics.
Jun 1, 2018 · Citing examples ranging from Hammurabi to Seneca, Antaeus the Giant to Donald Trump, Nassim Nicholas Taleb shows how the willingness to accept one’s own risks is an essential attribute of heroes, saints, and flourishing people in all walks of life.
Dec 26, 2022 · Skin in the game refers to owners, executives, or principals having a significant stake in the shares of the company they manage. Skin in the game is important to...
to be directly involved in or affected by something, especially financially: If people have skin in the game, preventable costs fall. A debate has been rumbling over how to ensure that lenders have more skin in the game. SMART Vocabulary: related words and phrases. Taking part and getting involved. actor. all in. along. attendee.
Skin in the game changes the attitude or approach one takes to life and death and god, even if one is the pope, himself. Taleb’s discourse on symmetry in daily life would be incomplete if it were to only mention religion but not virtues and ethics separately.
- Nassim Nicholas Taleb
