Felipe

“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

“Typically, the IYI get first-order logic right, but not second order (or higher) effects, making him totally incompetent in complex domains.
The IYI has been wrong, historically, about Stalinism, Maoism, GMOs, Iraq, Libya, Syria, lobotomies, urban planning, low carbohydrate diets, gym machines, behaviorism, trans-fats, Freudianism, portfolio theory, linear regression, HFCS (HighFructose Corn Syrup), Gaussianism, Salafism, dynamic stochastic equilibrium modeling, housing projects, marathon running, selfish genes, election-forecasting models, Bernie Madoff (pre-blowup), and p-values. But he is still convinced that his current position is right.”
― Nassim Nicholas Taleb, Skin in the Game: The Hidden Asymmetries in Daily Life

“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

“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