Nassim Nicholas Taleb
6 Star – Skin in the Game = Ethics = Sustainable
By the author Black Swan and Anti-Fragility, among many other works, this book is a simplified overview — a capstone work — and the easiest to read.
Skin in the Game is defined by the author as symmetry of risk and reward — in other words, you don't get to externalize losses to others while reaping the rewards without any personal risk.
That pretty much sums up everything that is wrong with banking, commerce, government, religions, and universities.
Continue reading “Review: Skin in the Game – Hidden Asymmetries in Daily Life”