Skin in the game is the ultimate BS filter and the engine of evolution.
Do not pay attention to what people say, only to what they do and how much of their neck they are putting on the line.
Among his insights:
- For social justice, focus on symmetry and risk sharing.
- Minorities, not majorities, run the world.
- You can be an intellectual yet still be an idiot.
- Beware of complicated solutions (that someone was paid to find).
Just as the Black Swan did during the 2007 financial crisis, Skin in the Game comes at precisely the right moment to challenge our long-held beliefs about risk, reward, politics, religion and business – and make us rethink everything we thought we knew.