
Skin in the Game
Hidden Asymmetries in Daily Life
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Narrated by:
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Joe Ochman
About this listen
Number-one New York Times best seller
A bold work from the author of The Black Swan that challenges many of our long-held beliefs about risk and reward, politics and religion, finance and personal responsibility.
In his most provocative and practical book yet, one of the foremost thinkers of our time redefines what it means to understand the world, succeed in a profession, contribute to a fair and just society, detect nonsense, and influence others. Citing examples ranging from Hammurabi to Seneca, Antaeus the Giant to Donald Trump, Nassim Nicholas Taleb shows how the willingness to accept one's own risks is an essential attribute of heroes, saints, and flourishing people in all walks of life.
As always both accessible and iconoclastic, Taleb challenges long-held beliefs about the values of those who spearhead military interventions, make financial investments, and propagate religious faiths. Among his insights:
- For social justice, focus on symmetry and risk sharing. You cannot make profits and transfer the risks to others, as bankers and large corporations do. You cannot get rich without owning your own risk and paying for your own losses. Forcing skin in the game corrects this asymmetry better than thousands of laws and regulations.
- Ethical rules aren't universal. You're part of a group larger than you, but it's still smaller than humanity in general.
- Minorities, not majorities, run the world. The world is not run by consensus but by stubborn minorities asymmetrically imposing their tastes and ethics on others.
- You can be an intellectual yet still be an idiot. "Educated philistines" have been wrong on everything from Stalinism to Iraq to low carb diets.
- Beware of complicated solutions (that someone was paid to find). A simple barbell can build muscle better than expensive new machines.
- True religion is commitment, not just faith. How much you believe in something is manifested only by what you’re willing to risk for it.
The phrase "skin in the game" is one we have often heard but have rarely stopped to truly dissect. It is the backbone of risk management, but it's also an astonishingly rich worldview that, as Taleb shows in this book, applies to all aspects of our lives. As Taleb says, "The symmetry of skin in the game is a simple rule that's necessary for fairness and justice and the ultimate BS-buster," and "Never trust anyone who doesn't have skin in the game. Without it, fools and crooks will benefit, and their mistakes will never come back to haunt them."
©2018 Nassim Nicholas Taleb (P)2018 Random House AudioListeners also enjoyed...
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Developing and implementing a strategy is the central task of a leader. A good strategy is a specific and coherent response to - and approach for - overcoming the obstacles to progress. A good strategy works by harnessing and applying power where it will have the greatest effect. Yet, Rumelt shows that there has been a growing and unfortunate tendency to equate Mom-and-apple-pie values, fluffy packages of buzzwords, motivational slogans, and financial goals with “strategy”.
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Good but thin
- By G. London on 01-04-20
By: Richard Rumelt
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101 Essays That Will Change the Way You Think
- By: Brianna Wiest
- Narrated by: Abby Craden
- Length: 10 hrs and 45 mins
- Unabridged
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Over the past few years, Brianna Wiest has gained renown for her deeply moving, philosophical writing. This new compilation of her published work features pieces on why you should pursue purpose over passion, embrace negative thinking, see the wisdom in daily routine, and become aware of the cognitive biases that are creating the way you see your life. Some of these pieces have never been seen; others have been read by millions of people around the world. Regardless, each will leave you thinking: This idea changed my life.
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Finding ways on being a better version of yourself
- By Laura K. Alvarado Fonseca on 08-19-20
By: Brianna Wiest
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Deep Work
- Rules for Focused Success in a Distracted World
- By: Cal Newport
- Narrated by: Jeff Bottoms
- Length: 7 hrs and 44 mins
- Unabridged
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Master one of our economy’s most rare skills and achieve groundbreaking results with this “exciting” audiobook (Daniel H. Pink) from an “exceptional” author (New York Times Book Review). Deep work is the ability to focus without distraction on a cognitively demanding task. It's a skill that allows you to quickly master complicated information and produce better results in less time. Deep Work will make you better at what you do and provide the sense of true fulfillment that comes from craftsmanship.
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Blocking off time each day to work without distractions will make you more productive
- By M.J. on 11-17-16
By: Cal Newport
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Head Strong
- The Bulletproof Plan to Activate Untapped Brain Energy to Work Smarter and Think Faster - in Just Two Weeks
- By: Dave Asprey
- Narrated by: Dave Asprey, Rob Shapiro
- Length: 10 hrs and 41 mins
- Unabridged
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For the last decade, Silicon Valley entrepreneur Dave Asprey has worked with world-renowned doctors and scientists to uncover the latest, most innovative methods for making humans perform better - a process known as "biohacking". In his first book, The Bulletproof Diet, he shared his biohacking tips for taking control of your own biology. Now, in Head Strong, Asprey shows listeners how to biohack their way to sharper, smarter, faster, more resilient brains.
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I feel like I paid for an infomercial
- By Jenna on 02-14-18
By: Dave Asprey
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Start Finishing
- How to Go from Idea to Done
- By: Charlie Gilkey
- Narrated by: Charlie Gilkey
- Length: 7 hrs and 13 mins
- Original Recording
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Too often we look back at the end of the week and are frustrated that we didn’t make progress on our soul-deep dreams and goals that seem to remain eternally out of reach. Start Finishing presents a 9-step method for success - including identifying your genius, building a success pack of supporters, navigating multiple projects, and overcoming the challenges that come with doing work that matters. Features contributions from Seth Godin, Susan Piver, Jonathan Fields, James Clear, and more.
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Couldn’t finish it
- By Gael Dalton on 11-28-19
By: Charlie Gilkey
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Game Changers
- What Leaders, Innovators, and Mavericks Do to Win at Life
- By: Dave Asprey
- Narrated by: Dave Asprey, Rick Adamson
- Length: 11 hrs and 12 mins
- Unabridged
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The best-selling author of Head Strong and The Bulletproof Diet answers the question, “How can I kick more ass at life?” by culling the wisdom of world-class thought leaders, maverick scientists, and disruptive entrepreneurs to provide proven techniques for becoming happier, healthier, and smarter.
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Game Changers is game changing
- By Anwar S on 01-05-19
By: Dave Asprey
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How to Listen When Markets Speak
- Risks, Myths, and Investment Opportunities in a Radically Reshaped Economy
- By: Lawrence G. McDonald, James Patrick Robinson
- Narrated by: James Patrick Robinson
- Length: 11 hrs and 1 min
- Unabridged
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A New York Times bestselling author and leading expert on market risk argues that seismic shifts in the global economy will trigger a multi-trillion-dollar migration of wealth, tracing the fateful decisions that created this crisis—and outlines new rules of investing for the forward-thinking.
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Just a poorly disguised sales pitch
- By Jason Soulon on 07-01-24
By: Lawrence G. McDonald, and others
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Men's Work
- A Practical Guide to Face Your Darkness, End Self-Sabotage, and Find Freedom
- By: Connor Beaton
- Narrated by: Connor Beaton
- Length: 9 hrs and 27 mins
- Unabridged
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In Men’s Work, ManTalks founder Connor Beaton offers the tactical, self-led guide men have been looking for. Here, he destigmatizes inner work by reframing it as a kind of psychological warrior training that many men can relate to and have been craving. Beaton walks you through a framework for facing the hidden and rejected aspects of yourself—factors that lead to self-sabotage, anxiety, and depression.
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From a woman’s perspective
- By NBB on 03-21-23
By: Connor Beaton
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The Hunger Habit
- Why We Eat When We're Not Hungry and How to Stop
- By: Judson Brewer MD PhD
- Narrated by: Judson Brewer MD PhD
- Length: 8 hrs and 41 mins
- Unabridged
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Anyone who struggles with overeating knows what it’s like to feel out of control—and to feel the guilt attached to it. While ordinary anxiety feels like something that happens to us, the siren song of food cravings feels like something we should be able to control. The result is a toxic cocktail of shame and self-loathing that makes it impossible to change our behavior. The Hunger Habit is based on Judson Brewer’s deeply researched plan proven to help us understand what is going on in our brains so that we can heal the shame and overcome overeating.
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Truly no willpower required; I finally feel in control.
- By Andrea Pope on 12-11-24
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Super Human
- The Bulletproof Plan to Age Backward and Maybe Even Live Forever
- By: Dave Asprey
- Narrated by: Dave Asprey
- Length: 8 hrs and 42 mins
- Unabridged
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Dave Asprey suffered countless symptoms of aging as a young man, which sparked a life-long burning desire to grow younger with each birthday. For more than 20 years, he has been on a quest to find innovative, science-backed methods to upgrade human biology and redefine the limits of the mind, body, and spirit. The results speak for themselves. Now in his 40s, Dave is smarter, happier, and more fit and successful than ever before.
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Very IMPORTANT URGENT !!! NEED A PDF FILE
- By nelson on 10-20-19
By: Dave Asprey
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All In
- How Great Leaders Build Unstoppable Teams
- By: Mike Michalowicz
- Narrated by: Mike Michalowicz
- Length: 7 hrs and 39 mins
- Unabridged
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ALL IN is the pinnacle book in Mike Michalowicz's Entrepreneurship Simplified series, setting the standard for building high-performing teams in today’s challenging work environment. Whether dealing with remote work, flex schedules, or generational divides, ALL IN provides a proven framework for recruiting top talent, transforming underperformers into superstars, and cultivating a culture where every employee is as dedicated as an owner.
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Mike Always Delivers
- By Carlos on 04-03-24
By: Mike Michalowicz
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How to Do the Work
- Recognize Your Patterns, Heal from Your Past, and Create Your Self
- By: Dr. Nicole LePera
- Narrated by: Courtney Patterson
- Length: 9 hrs and 42 mins
- Unabridged
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As a clinical psychologist, Dr. Nicole LePera often found herself frustrated by the limitations of traditional psychotherapy. Wanting more for her patients—and for herself—she began a journey to develop a united philosophy of mental, physical and spiritual wellness that equips people with the interdisciplinary tools necessary to heal themselves. After experiencing the life-changing results herself, she began to share what she'd learned with others—and soon "The Holistic Psychologist" was born. Now, Dr. LePera is ready to share her much-requested protocol with the world.
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Mindfulness advertisement
- By Sam on 07-22-21
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Designing Your Life
- How to Build a Well-Lived, Joyful Life
- By: Bill Burnett, Dave Evans
- Narrated by: Bill Burnett, Dave Evans
- Length: 6 hrs and 18 mins
- Unabridged
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In this book Bill Burnett and Dave Evans show us how design thinking can help us create lives that are both meaningful and fulfilling, regardless of whom or where we are, what we do or have done for a living, or how young or old we are. The same design thinking responsible for amazing technology, products, and spaces can be used to design and build your career and your life, a life of fulfillment and joy, constantly creative and productive, one that always holds the possibility of surprise.
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Get the printed version
- By dogwood lady on 12-03-16
By: Bill Burnett, and others
What listeners say about Skin in the Game
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- Hessa Al-thani
- 06-22-18
Better off read than heard
There's a lot in here that should be read over and mulled over to fully appreciate the author's message. I stopped half way because I'd much rather read it and carefully consider the author's conjectures rather than taking them for granted. I gave the performance a 2 because there were times when the reader added his own tone to the text.
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13 people found this helpful
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- J Baltimore
- 03-11-19
Excellent Work. Not sure why so many detractors.
A good and necessary capstone in the incerto series - perhaps the most important book as it draws real world implications from the building blocks of the previous three.
I am not sure why there are so many negative comments, other than perhaps a modern aversion, bordering on cowardice, to strongly argued points. Calling out Thomas Friedman by name for being wrong about almost every major trend in his career - including support for the war in Iraq that ended the lives of the 10000s and helped plunge the middle east into chaos? Heaven forbid we should be so impolite as to suggest that someone of his repute literally has blood on his hands and still parades around in his hubris and ignorance? Meanwhile principled detractors and critics like Chris Hedges are forced out of their jobs and utterly marginalized for speaking the truth from a position of first-hand knowledge and experience.
Nassim Taleb has a particularly salient understanding of the world and does not pull punches. We need more people like him in order to break through the self-serving complacency of our supposed "intellectual" class, which has been leading the U.S. into one military, political and economic disaster after another.
Turn off CNN, put down the NYT and go outside and look around you.
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4 people found this helpful
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- Gregory
- 03-22-18
Another brilliant book by Taleb!
A great followup to Antifragile, although can easily be enjoyed without first reading Antifragile. It is always fun to hear Taleb tear into the Expert Yet Idiots. I wish more folks would read his books and realize that experts aren't nearly as perceptive as they seem.
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1 person found this helpful
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- michael kwong
- 04-17-18
Excellent description on what's going on now
I love reading books written by Mr Taleb as he describes the essence of what really is happening around the world. Although I have encountered concepts in the book which are difficult to grasp at first sight, I still enjoyed the parts that I understand. Highly recommend to everyone who wants to live well and robust in life
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1 person found this helpful
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- T.R.
- 09-18-20
More about Agency issues than Investing
A continuation of Anti-Fragile and speaks a lot about having awareness of Agent's having different agenda's than you and how to sheild yoursell from them. Agent could be anyone who advises or represents others on a subject. Could be anyon from a realestate agent to a financial advisor, to a politician, to a religeous leader. Doesn't have a lot investing or the barbell strategy that the cover would lead you to believe. More about making sure agents have skin in the game to align agenda's with yours.
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1 person found this helpful
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- Knott Now
- 02-16-20
Listening to a bully....
Unfortunately, I was so distracted by the author’s complete lack of emotional intelligence, narcissism, and meandering diatribes, that whatever message he was trying to convey, I found myself incapable of paying attention to his punchline. He seems mean, troll-like and likely reflects insecurity or delayed emotional development.
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1 person found this helpful
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- M. Ogle
- 08-06-18
Great addition to your worldview
The culmination of Taleb's Incerto series. This is a worthwhile read for everyone that explains the asymmetry in a manner that is simultaneously intellectually high-brow and feet-in-the-dirt grounded in real life. Though to confess, I'm still not totally sure what ergodicity is...
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- Anonymous User
- 03-02-20
Perspective Changing Book
Love it or hate it, "Skin In The Game " is a perspective changing book. I have altered my behavior as a result.
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- Ed
- 05-02-19
interesting insights
very interesting views and conclusions as always but times where taleb has more surface rambles than digging deeper into his thoughts which would have been nicer
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- Coffin Family
- 08-12-19
probably better to read
on audible you don't have any of the graphs to look at while listening. still condescendingly wonderful
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