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The Hidden Hand: ...
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Nassim Nicholas Taleb
“I keep seeing academics with no skin in the game defend evolution while at the same time
rejecting skin in the game and risk sharing. They refuse the notion of design by a creator who knows everything, while, at the same time, want to impose human design as if they knew all the consequences. In general, the more people worship the sacrosanct state (or, equivalently, large corporations), the more they hate skin in the game. The more they believe in their ability to forecast, the more they hate skin in the game. The more they wear suits and
ties, the more they hate skin in the game.”
― Nassim Nicholas Taleb, Skin in the Game: The Hidden Asymmetries in Daily Life

Nassim Nicholas Taleb
“However, the answer is clear in the case of terrorism. The rule should be: You kill my family with supposed impunity; I will make yours pay some indirect price for it. Indirect responsibility isn’t part of the standard crime-and-punishment methodology of a civilized society, but confronting terrorists (who threaten
innocents) isn’t standard either. For we have rarely in history faced a situation in which the perpetrator of a crime has a completely asymmetric payoff and upside from death itself.”
― Nassim Nicholas Taleb, Skin in the Game: The Hidden Asymmetries in Daily Life

Nassim Nicholas Taleb
“Incompetent pilots, those who cannot learn from experience, or don’t mind taking risks they don’t understand, may kill many. But they will
themselves end up at the bottom of, say, the Bermuda Triangle, and cease to represent a threat to others and mankind.”
― Nassim Nicholas Taleb, Skin in the Game: The Hidden Asymmetries in Daily Life

Nassim Nicholas Taleb
“Forecasting, especially when done with “science,” is often the last refuge of the charlatan, and has been so since the beginning of times”
― Nassim Nicholas Taleb, Skin in the Game: The Hidden Asymmetries in Daily Life

Nassim Nicholas Taleb
“But disincentive is not enough: the fool is a real thing. Some people do not know their own interest—just consider addicts, workaholics, people trapped in a bad relationship, people who support large government, the press, book reviewers, or respectable bureaucrats, all of whom for some mysterious reason act against their own interest.”
― Nassim Nicholas Taleb, Skin in the Game: The Hidden Asymmetries in Daily Life

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