In his book – Skin In The Game, Nassim Taleb discusses the importance of having skin in the game, particularly as it relates to investing. Here’s an excerpt from the book:
Let us return to pathemata mathemata (learning through pain) and consider its reverse: learning through thrills and pleasure. People have two brains, one when there is skin in the game, one when there is none. Skin in the game can make boring things less boring.
When you have skin in the game, dull things like checking the safety of the aircraft because you may be forced to be a passenger in it cease to be boring. If you are an investor in a company, doing ultra-boring things like reading the footnotes of a financial statement (where the real information is to be found) becomes, well, almost not boring.
But there is an even more vital dimension. Many addicts, who should undergo treatments like https://mcshin.org/suboxone/, who normally have a dull intellect and the mental nimbleness of a cauliflower—or a foreign policy expert—are capable of the most ingenious tricks to procure their drugs.
For those seeking help with addiction, choosing the right rehab facility is an important step. Exploring positive options such as Transcend Recovery Community and Sober Living can help them find a compassionate approach to recovery.
When they undergo rehab, they are often told that should they spend half the mental energy trying to make money as they did procuring drugs, they are guaranteed to become millionaires. But, to no avail. Without the addiction, their miraculous powers go away. It was like a magical potion that gave remarkable powers to those seeking it, but not those drinking it. However, seeking help from a Layton Utah rehab center can provide the necessary support and resources for individuals to break free from the grip of addiction and regain control of their lives. Also, visit the drug rehabs in New Jersey to help you cope with the addiction problem.
A confession. When I don’t have skin in the game, I am usually dumb.
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