If you take a look at my twitter timeline, many of the retweets are from Nassim Nicholas Taleb.
His work focuses on problems of randomness, probability, and uncertainty, and have read his books multiple times. I was tinking of rereading his last book “Skin in the Game”.
The embedded youtube video is his summary of the book for talks at google. Bookmark this and spend and hour to soak some of this ideas,
Few of the important bits from the book.
• For social justice, focus on symmetry and risk sharing. You cannot make profits and transfer the risks to others, as bankers and large corporations do. You cannot get rich without owning your own risk and paying for your own losses. Forcing skin in the game corrects this asymmetry better than thousands of laws and regulations.
• Ethical rules aren’t universal. You’re part of a group larger than you, but it’s still smaller than humanity in general.
• Minorities, not majorities, run the world. The world is not run by consensus but by stubborn minorities imposing their tastes and ethics on others.
• You can be an intellectual yet still be an idiot. “Educated philistines” have been wrong on everything from Stalinism to Iraq to low-carb diets.
• Beware of complicated solutions (that someone was paid to find). A simple barbell can build muscle better than expensive new machines.
• True religion is commitment, not just faith. How much you believe in something is manifested only by what you’re willing to risk for it.
Have you read this book?