Taleb: Skin in the Game --- Book review

[Pekelo]

No way. Skin in the game brought new ideas.

One of the reviews said he already stated everything in one of the Antifragile chapters, so this book is just an extension of that.

 

[Pekelo]

Uh... Signs???

6th sense with Bruce Willis.

https://www.forbes.com/sites/simont...ce-opening-ranked-worst-to-best/#3e62b18a1d97

 

[nooby_mcnoob]

6th sense with Bruce Willis.

https://www.forbes.com/sites/simont...ce-opening-ranked-worst-to-best/#3e62b18a1d97

I'm saying Signs was a great movie.

One of the reviews said he already stated everything in one of the Antifragile chapters, so this book is just an extension of that.

Sure that makes sense.

 

[newwurldmn]

Taleb peaked with Fooled by Randomness.

He peaked the day he blew his first hedge fund.

 

[ironchef]

He peaked the day he blew his first hedge fund.

I thought he made a few killings during 1987, 2000 and 2009?

 

[newwurldmn]

I thought he made a few killings during 1987, 2000 and 2009?

I don’t know how much money he made. His returns (as published in the mainstream press don’t make sense).

But I do know he shut down his first hedge fund for poor returns.

And I do know people who have studied under him at NYU. None of them thought highly of him.

 

[Pekelo]

Well, I gave it a honest try, but I had to keep jumping forward and eventually I just didn't care.

He is either talking about the obvious (I already know), or bullshits (I don't care about) or irrelevant. Now the irrelevant (to the topic of the book) part could be interesting, but is here and there, so I have to go through a bunch of other obvious or bullshit to get it.

All in all, it is just too much effort. And as I said earlier, I generally disagree with the premise of the book. People having skin in the game just failed as easily as people without stakes.

 

[themickey]

Well, I gave it a honest try, but I had to keep jumping forward and eventually I just didn't care.

He is either talking about the obvious (I already know), or bullshits (I don't care about) or irrelevant. Now the irrelevant (to the topic of the book) part could be interesting, but is here and there, so I have to go through a bunch of other obvious or bullshit to get it.

All in all, it is just too much effort. And as I said earlier, I generally disagree with the premise of the book. People having skin in the game just failed as easily as people without stakes.

Are you chewing someone's ear off? hehe

 

[ironchef]

Well, I gave it a honest try, but I had to keep jumping forward and eventually I just didn't care.

He is either talking about the obvious (I already know), or bullshits (I don't care about) or irrelevant. Now the irrelevant (to the topic of the book) part could be interesting, but is here and there, so I have to go through a bunch of other obvious or bullshit to get it.

All in all, it is just too much effort. And as I said earlier, I generally disagree with the premise of the book. People having skin in the game just failed as easily as people without stakes.

Intuitively I think people who has skin in the game works harder to make the skin more valuable?

Of course if my skin is different from yours (management's self interest, or majority owner's self interest is different from the general public shareholders') then it is a different story.

 

[Frederick Foresight]

People having skin in the game just failed as easily as people without stakes.

Yeah but dealing with people who have skin in the game generally makes it a safer bet. Moral hazard, and all that. I didn't read the book, but the premise seems obvious.