nicholas Taleb: Skin in the game

EPISODE 89

In Episode 89: Nassim Nicholas Taleb: Part 2: We delve into his book "skin in the game" (buy on Amazon), a phrase we've often heard but rarely stopped to truly dissect and what it means to understand the world, succeed in a profession, contribute to a fair and just society, detect nonsense, and influence others. 

SHOW OUTLINE

INTRO

What is skin in the game explained by Taleb

  • Skin in the Game (2m48)

BUSINESS TIPS FOR A STRONG COMPANY

Do not devalue yourself or your product ever in business

  • Behave like an artisan (1m11)

Consider how you approach to risk with those around you

  • The importance of Honour (2m11)

Vulnerability is about showing up and being seen in the arena, even if you get your butt kicked [explained by Brene Brown]

Something Shifts Inside of You (2m42)

PRACTICAL ADVICE WE CAN ACTION TODAY

There is no need to be the best if you have skin in the game

  • Be reliable (33s)

Don’t let those without skin in the game be in charge

  • Avoid taking advice from someone who gives advice for a living (39s)

Enjoy your work, but also take complete ownership and make it the best

  • Soul in the Game (2m52)

OUTRO

Steve Jobs & the value of owning something

  • Steve Jobs Explains Skin In The Game Decades Before Nassim Taleb (2m13)

 
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