Skin - In - The - Game
The psychologists Daniel Kahnerman and Amos Tversky have shown when humans estimate the likelihood or frequency of an event, we make that judgment based not on how often the event has actually occurred, but on how vivid the past examples are. - Benjamin Graham; The Intelligent Investor We have survived in spite of tail risks; our survival cannot be that random… O nly evolution knows if the “wrong” thing is really wrong, provided there is skin in the game to allow for selection. - Nassim Nicholas Taleb; Skin in the Game: Hidden Asymmetries in Daily Life This was never about the money, this was about us against the system. That system that kills the human spirit. We stand for something. To those dead souls, inching along the freeways in their metal coffins, we show them that the human sprit is still alive. - Bohdi; Point Break [1991] Team Baja Kali Sur understands the goal is to ensure all employees build capital. Young people who embrace a life of convexity > > anti-fra...
