NASSIM TALEB ~ SKIN IN THE GAME ~ 2018

~ HAIDL ~ Hidden Asymmetries In Daily Life

~ IATINDBAATRW;ITRW-TI ~ In Academia There Is Not Difference Between Academia And The Real World; In The Real World – There Is

~ IYHTR-YMAGSOTR-NLOPTPOYM ~ If You Have The Rewards – You Must Also Get Some Of The Risks – Not Let Others Pay The Price Of Your Mistakes

~ IYIROO-ATAH-YNTPSPFI ~ If You Inflict Risk On Others – And – They Are Harmed – You Need To Pay Some Price For It

~ IDLRBTIMOTO ~ I Don’t Like Reading Books That Inform Me Of The Obvious

~ ODAPBEJI ~ One Debases A Principle By Endlessly Justifying It

~ YCS-K-F-CWTG-A-YCS-A-F-CWTG ~ You Cannot Separate – Knowledge – From – Contact With The Ground – Actually – You Cannot Separate – Anything – From – Contact With The Ground

~ TKWGB-T-V-TAE-E-A-TWOT-IOW-CWTE-IVSTT-OT-R ~ The Knowledge We Get By – Tinkering – Via – Trial And Error – Experience – And – The Workings Of Time – In Other Words – Contact With The Earth – Is Vastly Superior To That – Obtained Through – Reasoning

~ ESB-LD ~ Elaborate Semiabstract Buzzword-Laden Discourse

~ I-NLFH-TF:TTISND/TTIL-N-H-D/TTITOA-NI ~ Interventionistas – Never Learn From History – Three Flaws: They Think In Statics Not Dynamics / They Think In Low – Not – High – Dimensions / They Think In Terms Of Actions – Never Interactions

~ RL-HTH-S/T/F/N-S ~ Real Life – Happens To Have – Second / Third / Fourth / Nth – Steps

~ WWCT-I-D-LMD-SBTNHTPFTCOTA ~ What We Call The – Intelligensia – Delusional – Literally Mentally Deranged – Simply Because They Never Have To Pay For The Consequences Of Their Actions

~ I-FDNH ~ Intervention – First Do No Harm

~ WHABC-B-WSET-DTW-NWC ~ We Have Always Been Crazy – But – Weren’t Skilled Enough To – Destroy The World – Now We Can

~ B-IA CBWAPI-CSFTCOHOHA ~ Bureaucracy – Is A Construction By Which A Person Is – Conveniently Separated From The Consequences Of His Or Her Actions

~ W-WHNCBT-D-O-MP-T-L ~ Well – We Have No Choice But To – Decentralize – Or – More Politely – To – Localize

~ D-R-LSA ~ Decentralization – Reduces Large Structural Asymmetries

~ S-ITTOPO-AR-TAC-SITG ~ Somehow – In The Thousands Of Pages Of – Additional Regulations – They Avoided Considering – Skin In The Game

~ S-LB-RP-VN ~ Systems – Learn By – Removing Parts – Via Negativa

~ SITG-KHHIC ~ Skin In The Game – Keeps Human Hubris In Check

~ WKWMMCWIBTWIG ~ We Know With Much More Clarity What Is Bad Than What Is Good

~ VN-ABR-I-MPALE-P-T-VP-ABA ~ Via Negativa – Acting By Removing – Is – More Powerful And Less Error-Prone – Than – Via Positiva – Acting By Addition

~ ATAFSWGAFAL-U-TIAPFTA ~ Avoid Taking Advice From Someone Who Gives Advice For A Living – Unless – There Is A Penalty For Their Advice

~ WABA-D-T-U ~ We Are Better At – Doing – Than – Understanding

~ TLE-TRTFAKTR-A-TLEOTNLWT ~ The Lindy Effect: Time Removes The Fragile And Keeps The Robust – And – The Life Expectancy Of The Nonfragile Lengthens With Time

~ OAN(BP) ~ Overeducated And Naive (But Punctual)

~ TINKRDO-R-TMRO-T-‘N’-R ~ There Is No Known Rigorous Definition Of – Rationality – That Makes Rejection Of The – “Natural” – Rational

~ WI-R-ITWA-TCE-MTLFALT-T-S- ~ What Is – Rational – Is That What Allows – The Collective Entities – Meant To Live For A Long Time – To – Survive

~ CH-WBAFI ~ Causing Harm – Without Being Accountable For It

~ TWTSD-A-OTWDST ~ Those Who Talk Should Do – And – Only Those Who Do Should Talk

~ ATGMT-TI-AGSBTMATU ~ As Things Get More Technical – There Is – A Growing Separation Between The Maker And The User

~ TDB-PWSITG-TTGI-C-BT-FC ~ Things Designed By – People Without Skin In The Game – Tend To Grow In – Complication – Before Their – Final Collapse

~ IYC-ES-R ~ If You Can’t – Effectively Sue – Regulate

~ AYDT-OYW-CSC-SM-‘E’-OOI(AOOYL)-WEMYDI ~ Anything You Do To – Optimize Your Work – Cut Some Corners – Squeeze More – “Efficiency” – Out Of It (And Out Of Your Life) – Will Eventually Make You Dislike It

~ AHTSITG ~ Artisans Have Their Soul In The Game

~ PWTHTSITG ~ People Want To Have Their Soul In The Game

~ TSNBAATEOO ~ Thou Shalt Not Become Antifragile At The Expense Of Others

~ YNTEWYFO ~ You Need To Eat What You Feed Others

~ TEIAMRTTL-OT-IITLTSCTTE-NTR ~ The Ethical Is Always More Robust Than The Legal – Over Time – It Is The Legal That Should Converge To The Ethical – Never The Reverse

~ L-CAG;E-S ~ Laws – Come And Go; Ethics – Stay

~ SM ~ Scaling Matters

~ TEACCSBWPAAC-PTC-AITEUBR-SCCBTL-GBDAADS ~ There Exists A Certain Community Size Below Which People Act As Collectivists – Protecting The Commons – As If The Entire Unit Became Rational – Such Commons Cannot Be Too Large – Groups Behave Differently At A Different Scale

~ ROM-EMIG ~ Reliance On Metrics – Every Metric Is Gameable

~ Y-TMM-R ~ Yes – The Most Motivated – Rules

~ TMILALMTWASD-A-TBWTDASITSIH[H]FIOTSOTTRTTOTD ~ The Market Is Like A Large Movie Theater With A Small Door – And – The Best Way To Detect A Sucker Is To See If His[Her] Focus Is On The Size Of The Theater Rather Than That Of The Door

~ T-S-C-M-UTP-T-SG-AW-NAM ~ The – So-Called – Mathematics – Used To Prove – The – Selfish Gene – Are Woefully – Naive And Misplaced

~ LPA-UAGS-A-TWTCOT ~ Leave People Alone – Under A Good Structure – And – They Will Take Care Of Things

~ FINF ~ Freedom Is Never Free

~ WM-IWAPHODH;IIWHOSIAOL ~ What Matters – Isn’t What A Person Has Or Doesn’t Have; It Is What He Or She Is Afraid Of Losing

~ TMYHTL-TMFYA ~ The More You Have To Lose – The More Fragile You Are

~ TSOOIYG ~ The Skin Of Others In Your Game

~ THO-W-EIYEUV-IMTTFTTTE-OTNCB-CS-MYWPTP-ASCAY ~ The History Of – Whistleblowers – Even If You End Up Vindicated – It May Take Time For The Truth To Emerge – Over The Noise Created By – Corporate Shills – Meanwhile You Will Pay The Price – A Smear Campaign Against You

~ TWEI-SC-AAP-AN-IAEE-HATBT-STIA-R-WAPT-ES ~ Those Who Engage In – Smear Campaigning – As A Profession – Are Necessarily – Incompetent At Everything Else – Hence At That Business Too – So The Industry Accumulates – Rejects – Who Are Prone To – Ethical Stretches

~ PTWA-FIWARTAWTSTWA ~ Precede Talk With Action – For It Will Always Remain That Action Without Talk Supersedes Talk Without Action

~ IYI ~ Intellectual Yet Idiot

~ WPR-O-SR-I-TPATTWHNSITG-ITTPOF ~ What People Resent – Or – Should Resent – Is – The Person At The Top Who Has No Skin In The Game – Immune To The Possibility Of Falling

~ TE-I-EIP ~ True Equality – Is – Equality In Probability

~ TPINTP-IIHPHI ~ The Problem Is Never The Problem – It Is How People Handle It

~ IY-PL-CWY-IO-ICY-II-NY-PL ~ If Your – Private Life – Conflicts With Your – Intellectual Opinion – It – Cancels Your – Intellectual Ideas – Not Your – Private Life

~ TVM ~ The Virtue Merchants

~ V-INSY-A ~ Virtue – Is Not Something You – Advertise

~ C-ITOVYCF ~ Courage – Is The Only Virtue You Cannot Fake

~ P-B-F-U-L ~ Pronouncements – By – Fools – Using – Labels

~ OO-P-BT-V-T-AOK ~ Outside Of – Poetry – Beware The – Verbalistic – That – Archenemy Of Knowledge

~ IPS ~ Intolerant Political System

~ R-RIWY-D-NIWY-T-O-IWY-‘B’~ Rationality – Resides In What You – Do – Not In What You – Think – Or – In What You – “Believe”

~ SCF-T/U/S-L ~ Survival Comes First – Truth / Understanding / Science – Later

~ WIRITWAFS-ATH-S-I-I ~ What Is Rational Is That Which Allows For Survival – Anything That Hinders – Survival – Is – Irrational

~ IOTS-YMFS ~ In Order To Succeed – You Must First Survive

~ NCAR-I-IIOAFFD ~ Never Cross A River – If – It Is On Average Four Feet Deep

~ CAP-AO ~ Courage And Precaution – Aren’t Opposites

~ SC-INC ~ Selfish Courage – Is Not Courage

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