Skin In The Game

£10.99

The phrase ‘skin in the game’ is one we have often heard but have rarely stopped to truly dissect. It is the backbone of risk management, but it’s also an astonishingly complex worldview that, as Taleb shows in this book, applies to literally all aspects of our lives. As Taleb says, ‘Never trust anyone who doesn’t have skin in the game. Without it, fools and crooks will profit and their mistakes will never come back to haunt them’. In his inimitable style, Taleb pulls on everything from Antaeus the Giant to Hammurabi to Donald Trump to Seneca to the ethics of disagreement to create a jaw-dropping tapestry for understanding our world in a brand new way.

In stock

Description

From the bestselling author of The Black Swan, a bold book that challenges many of our long-held beliefs about risk and reward, politics and religion, finance and personal responsibility

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 his inimitable, pugnacious style, 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.

As Taleb says, “The symmetry of skin in the game is a simple rule that’s necessary for fairness and justice, and the ultimate BS-buster,” and “Never trust anyone who doesn’t have skin in the game. Without it, fools and crooks will benefit, and their mistakes will never come back to haunt them”.

Additional information

Weight 0.224 kg
Dimensions 19.8 × 12.9 × 1.7 cm
Author

Publisher

Imprint

Cover

Paperback

Pages

xiii, 279

Language

English

Edition
Dewey

302.12 (edition:23)

Readership

General – Trade / Code: K