If you have skin in the game, you're going to worry about blow up because it's your money. If you don't have skin in the game... what is your incentive? It's to print good numbers, because you don't pay for the downside.

0:16

Nassim Nicholas Taleb

Fund Managers & CEOs Without Skin in the Game Don't Worry About Blow-Up Risk

#691: Nassim N. Taleb & Scott Patterson How Traders Make Billions in The New Age of Crisis, Defending Against Silent Risks, Personal Independence, Skepticism Where It (Really) Counts, The Bishop and The Economist, and Much More

The Tim Ferriss Show

Topic: moment

Fund Managers & CEOs Without Skin in the Game Don't Worry About Blow-Up Risk

Fund Managers & CEOs Without Skin in the Game Don't Worry About Blow-Up Risk

#691: Nassim N. Taleb & Scott Patterson How Traders Make Billions in The New Age of Crisis, Defending Against Silent Risks, Personal Independence, Skepticism Where It (Really) Counts, The Bishop and The Economist, and Much More

0:00

2:09

0:00

2:09

Fund Managers & CEOs Without Skin in the Game Don't Worry About Blow-Up Risk

#691: Nassim N. Taleb & Scott Patterson How Traders Make Billions in The New Age of Crisis, Defending Against Silent Risks, Personal Independence, Skepticism Where It (Really) Counts, The Bishop and The Economist, and Much More

#691: Nassim N. Taleb & Scott Patterson How Traders Make Billions in The New Age of Crisis, Defending Against Silent Risks, Personal Independence, Skepticism Where It (Really) Counts, The Bishop and The Economist, and Much More

13 of 44

#691: Nassim N. Taleb & Scott Patterson How Traders Make Billions in The New Age of Crisis, Defending Against Silent Risks, Personal Independence, Skepticism Where It (Really) Counts, The Bishop and The Economist, and Much More

0

+

1.0

-

+

1.0

-

0

ms