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> I would put more value in the opinions of people that have built or worked on real systems. +100. It took me a while to internalise Nassim Taleb's point of s
by vishnugupta 5y ago
> I would put more value in the opinions of people that have built or worked on real systems.
+100. It took me a while to internalise Nassim Taleb's point of skin in the game. Now that I exactly know what he means I've learned to more or less disregard opinions of non-practitioners.
- freemint 5y agoJust be aware that you very easily talk yourself into believing that someone does or doesn't have skin in the game on accident or to maintain a certain opinion.
- passerby1 5y agoInteresting. Which of his books do you refer here to?
- vishnugupta 5y agoThis one[1]. To be clear I haven't read the book. However, I have read quite a bit of his articles and watched his talks all of which I highly recommend. The crux of the argument is simple enough. One should attach more weightage to opinions of who have stake in what they talking about. For instance, an a bond trader will have more realistic picture of economy than someone like Paul Krugman. Bond trader earns his wages by being more correct about economy. Paul Krugman on the other hand can change his opinion at the drop of a hat with zero negative impact to his earnings. [1] https://www.goodreads.com/book/show/36064445-skin-in-the-game https://www.goodreads.com/book/show/36064445-skin-in-the-gam...