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Comments On 'Skin In The Game'

Mar. 08, 2018 10:39 AM ET1 Comment
Brian Romanchuk profile picture
Brian Romanchuk

Skin in the Game: Hidden Asymmetries in Daily Life is the latest installment of Nassim Nicholas Taleb's Incerto series, which is "a combination of a) practical discussions b) philosoophical tales, and c) scientific and analytical commentary on the problems of randomness, and how to live, eat, sleep, argue, fight, befriend, work, have fun, and make decisions under uncertainty" (description from the Introduction). This article is a limited review of some of the aspects of the discussion of the book that relates to economics and finance. My beat is bond market economics. I am not here to offer advice on how to live, eat, sleep, etc. As a result, my discussion here is not really enough information to decide whether to buy the book or not, instead, I am just discussing a few points that intersect with the subjects I normally discuss.

Book Description

Skin in the Game was published in February 2018, by Random House, and the hardback edition is 304 pages (I read the Kindle edition, so I do not have page numbers to reference). It follows on previous highly successful books, including The Black Swan and Antifragile.

The book is largely non-technical, although there is a technical appendix with some theorems on probability. Reading those equations was painful in the Kindle edition, which is a typical problem. The only way to get readable equations on a screen is to use the equivalent of the PDF format, but that limits the devices that can be used to read the book.

As a disclaimer, I did not read the entire Incerto series. To say that Nassim Taleb has a strong personality is an understatement, and it shows up in his books. His style is obviously popular, but his earlier books were not my cup of tea. However, I enjoyed reading

This article was written by

Brian Romanchuk profile picture
I have 15 years of experience as a senior quantitative analyst in fixed income. I specialized in the development of research systems and analytics. Currently a consultant and blogger. I have a B.Eng. in electrical engineering from McGill University, and a Ph.D. from the University of Cambridge in control systems engineering. I am a CFA Charterholder.

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Comments (1)

Take a look at: http://bit.ly/1w7in6w~mpuri/papers/SkinInTh...
Personally, I think the book should have opened with some kind of spin on this paper.
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