Skin in the Game | Nassim Nicholas Taleb | Talks at Google

American essayist, scholar and former trader Nassim Nicholas Taleb, whose work focuses on problems of randomness, probability, and uncertainty, discusses his latest book "Skin in the Game".

Nassim explores the notion that 'skin in the game' is necessary for fairness, commercial efficiency, and risk management, and key to making sense of the world at large.

[zabisaboori]

"You should never tell people what they should be doing. You should tell them what you're doing."
Nassim Nicholas

[ruslanbes]

*Some timecodes:*

0:45 How I write
2:50 Lindy effect
7:00 Skin In The Game
11:35 Ludic Fallacy
14:15 Expert Problem
25:03 The Golden Rule
29:20 You cannot have political opinion without attaching a scale to it
30:50 Risk as virtue
32:50 The system don't learn because people learn
35:40 Law in Switzerland to limit the income for chief executives (didn't pass)
36:10 Christology
40:30 When people tolerate inequality
45:20 Which surgeon would you choose?

Q&A:
47:05 Is mandatory conscription gonna create less wars?
52:25 Peacock's tail is NOT USELESS
53:20 How to decide what to read?
54:18 How long can a group of experts survive if they do not have "skin in the game"?
57:40 When the military intervention is justified?

[GokuPoker]

it's unbelievable how he gives the talk in this kind of a fractal manner where it's sometimes difficult to make sense of certain elements but as it starts approaching the end, everything becomes clearer and clearer and at the end it all makes sense - really good talk and interesting ideas!

[affirmed_]

I once visited a hotel where they gave you a $10 daily credit if you chose not to have your room cleaned. I liked that.

[aashitrajopdhya]

U can't walk away from risks u've created for others. Excellent line

[immersionmusic]

Baldness is an evolutionary mechanism for people to have more skin in the game, all else being equal.

[ThLstne]

I like the peacock guy. That's skin in the game. Really putting yourself behind what you believe and that too by confronting Nassim Taleb on video that would be put on YouTube instead of quietly in a paper or in front of a receptive audience setting - ultimate risk taking.

[yonatanofek]

+ Talks at Google Hey,
Around 34:37 Nassim speaks about a peacock. In the subtitles there is a part described as [INAUDIBLE].
So the sentence should be:
" And... The peacock, you know, the Zehavian peacock story, the peacock, why does the peacock have a big tail?"

[Martinit]

14:40 Taleb: Don't invest in restaurant business
2020: yes

[keyurpatel]

"Identity Politics is a form of Racial Segregation". So true, so very true.

[tanjiro]

Nassim Taleb's book antifragile changed my life. I am so excited about this book. & also scared.

[romancandlefight]

He's got so much he wants to get out that he can't stick on most thoughts for long.. not a great speaker but interesting and genuine

[eltonshamblen]

What Naseem Nicholas Talib labors to illuminate in a highly organized manner is: at least partly understood intuitively by most folks, in some parts. This is why his academic exercise on the chosen concepts resonate so well. E.g. The Yogi Berra quote, which itself resonates so well because it encapsulates the obvious in a comical rememberable way. Where Me Talib excels is he objectively examines and chronicles these ideas, some well known and some not so well known. IOW we all have an institutional understanding developed over centuries of experience that is not formally passed by wrote absolutes repeated and tested on. I love his books because they're like a statistical model. You may uncover unrealized correlations, but if the model is Amy good, it also confirms the obvious. He's a delight to read and I hope he continues to find motivation and reason to continue his exploration and documentation of interesting aspects of our human condition.

[DharmendraRaiMindMap]

Great to listen to Taleb always A rare mix of truthfulness and genius

[warrenzhu]

I read ‘Antifragile’ a few years ago and did not like it, less for the actual content but his tone. But listening to this talk absolutely blew my mind. Taleb is spot-on. Controversial, destructive but sincere in his statements.

[philipegger]

The segment at 46:27 reminds me of how Russell Peters said he'd never go to a doctor who was an Indian man raised in North America.

[HermeticAscetic]

10:00 Right! In Ancient India, people became, say, ironsmiths first and then eventually understood metallurgy. Technology preceded science.

[varunkapur]

The guy got pretty sentimental about the peacock

[alphabeta]

14:00 Skin in the game
20:40 Symmetry
31:00 Roman emperors; warmongers
38:00 *True virtue is risk taking*
40:00 Start a business, do NOT rent seek
45:00 Be aware of the cosmetic
48:30 Deadlifting
53:30 If something bores you, close the book
57:30 Iraq, Libya

[pleaseteachresponsibly]

7:20 The guy in the bottom left's reaction to no spoiler alert