Book Review, Posts

Skin in the Game – Nassim Taleb

Couverture de Skin in the Game

  • Title: Skin in the Game – Hidden Asymmetries in Daily Life
  • Author: Nassim N. Taleb
  • Publication Date: 2018
  • Recommendation Score: 5 / 5

Nassim Taleb is a non-conventional thinker. He is a mathematician and cares a lot about rigor and logic. He is a philosopher and cares about the consequences of theory on people’s life. This is reflected in his writings when theory (science) and practice (real life) are intertwined.

“Skin in the Game” is the 5th book in Nassim Taleb’s Incerto series. It deals with asymmetries in daily life (decision-making, risk management, politics, religion, etc.). This post summarizes some of the ideas of the book.

Ethics and Competence

In the introduction, the author focuses on the idea that one cannot disentangle ethics and competence when dealing with human beings. What does it mean that you trust a professional? Do you trust their knowledge and skills? Or their ethics and moral values? Or both?

Some people have skin in the game, such as citizens, merchants, businessmen, entrepreneurs, artisans, etc. Others have no skin in the game such as bureaucrats, administrators, policy wonks, consultants, etc.

No-skin-in-the-game people keep the upside and transfer the downside to others. Skin-in-the-game people, on the other hand, take their own risk and keep their own downside.

Avoid taking advice from someone who gives advice for a living, unless there is a penalty for their advice.

The golden rule vs the silver rule

The golden rule is: Treat others the way you would like them to treat you. The author argues that the following silver rule is more robust: Do not treat others the way you would not like them to treat you.

The Hammurabi code of laws and “skin in the game”

Continue reading “Skin in the Game – Nassim Taleb”

Book Review, Posts

Deep Work – Cal Newport

  • Deep Work audiobook cover artTitle: Deep Work – Rules for Focused Success in a Distracted World
  • Author: Cal Newport, PhD
  • Publication Date: 2016
  • Recommendation Score: 4 / 5

Book Review

The population of “knowledge workers” is increasing with the shift towards an information economy. These workers, such as researchers, journalists, engineers, computer programmers, designers, etc. need “deep work” to be productive and creative. However, they often find themselves in a working environment where they are prone to distractions and frequent interruptions. They are losing calm offices to get open spaces, they spend their time in multitasking, jumping between meetings, chats, and emails, they are expected to remain available for instant messaging platforms, and sometimes they are forced onto social media.

Cal Newport addresses these topics in his book “Deep Work – Rules for Focused Success in a Distracted World”. He coined the term “Deep Work” to define the professional activities performed in a state of distraction-free concentration, and that stretches one’s capabilities to their limits.

Deep Work is Valuable, Rare and Meaningful

The author argues that:

  • Deep work is valuable for learning, productivity, and creativity.
  • Deep work is rare since we live in a world where we are distracted permanently.
  • Deep work is meaningful and brings calm and satisfaction to our lives.

The book investigates several ways to incorporate deep work into our working habits, illustrated with real-life stories. Continue reading “Deep Work – Cal Newport”

Personal Development, Posts

From Knowledge to Wisdom

47afa3d4-2837-42d9-88f4-60a7682ec7cb-original.jpeg

Personal Development, Posts, Understand Yourself

The Dunning–Kruger Effect

Dunning-Kruger-Chart-1