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He was a product of the upcountry of South Carolina, the Bible Belt, sand-lot baseball, knife fights under the bleachers. His pride in his doctorate was almost religious. It was the badge that told the world that he was no longer a common
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“Let us return to pathemata mathemata (learning through pain) and consider its reverse: learning through thrills and pleasure. People have two brains, one when there is skin in the game, one when there is none. Skin in the game can make boring things less boring. When you have skin in the game, dull things like checking the safety of the aircraft because you may be forced to be a passenger in it cease to be boring. If you are an investor in a company, doing ultra-boring things like reading the footnotes of a financial statement (where the real information is to be found) becomes, well, almost not boring.”
― Skin in the Game: Hidden Asymmetries in Daily Life
― Skin in the Game: Hidden Asymmetries in Daily Life
“It is no secret that large corporations prefer people with families; those with downside risk are easier to own, particularly when they are choking under a large mortgage.”
― Skin in the Game: Hidden Asymmetries in Daily Life
― Skin in the Game: Hidden Asymmetries in Daily Life
“Louisiana is a fresh-air mental asylum.”
― Pegasus Descending
― Pegasus Descending
“Alexander said that it was preferable to have an army of sheep led by a lion than an army of lions led by a sheep.”
― Skin in the Game: Hidden Asymmetries in Daily Life
― Skin in the Game: Hidden Asymmetries in Daily Life
“Beware of the person who gives advice, telling you that a certain action on your part is “good for you” while it is also good for him, while the harm to you doesn’t directly affect him.”
― Skin in the Game: Hidden Asymmetries in Daily Life
― Skin in the Game: Hidden Asymmetries in Daily Life
Doug’s 2024 Year in Books
Take a look at Doug’s Year in Books, including some fun facts about their reading.
Polls voted on by Doug
Lists liked by Doug
