From Nassim Taleb's "Skin in the Game" "a certain type of intransigent minority—with significant skin in the game (or, better, soul in the game) to reach a minutely small level, say 3 or 4 percent of the total population, for the entire population to have to submit to...
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The Intellectual Yet Idiot by Nassim Taleb
From Nassim Taleb's "Skin in the Game" "What we saw worldwide from 2014 to 2018, from India to the U.K. to the U.S., was a rebellion against the inner circle of no-skin-in-the-game policymaking “clerks” and journalists-insiders, that class of paternalistic...
How to Legally Own Another Person by Nassim Taleb
From Nassim Taleb's "Skin in the Game" How to Legally Own Another Person. "In short, every organization wants a certain number of people associated with it to be deprived of a certain share of their freedom. How do you own these people? First, by conditioning and...
Favorite Quotes from Skin in the Game
From Nassim Taleb's "Skin in the Game" "in academia there is no difference between academia and the real world; in the real world, there is." (p. 3) "In case you are giving economic views: Don’t tell me what you “think,” just tell me what’s in your portfolio." (p. 4)...
What’s the best way to invest? From “The Intelligent Investor”
From Benjamin Graham's "The Intelligent Investor" How Much Stocks and Bonds Should I have? "We recommended that the investor divide his holdings between high-grade bonds and leading common stocks; that the proportion held in bonds be never less than 25% or more than...
Motivational Interviewing
From Adam Grant's "Think Again" Motivational Interviewing "Instead of attacking or demeaning his clients, Miller started asking them questions and listening to their answers." (p. 146) "Together, they developed the core principles of a practice called motivational...
Business Adventures by John Brooks
You need an Organizational Chart for Business.
From Michael Gerber's "The E-Myth Revisited" Why Do You Need an Organizational Chart? "Everyone wants to "get organized." But when you suggest that they start by creating an Organization Chart, all you get is doubtful- and sometimes hostile- stares." (p. 166)"Don't be...
Your business needs Innovation, Quantification, and Orchestration.
From Michael Gerber's "The E-Myth Revisited" You Business Needs Innovation, Quantification, and Orchestration: "Innovation, Quantification, and Orchestration are the backbone of every extraordinary business." (p. 127) Innovation: Innovation is finding ways to improve...
Favorite Quotes from “The E-myth Revisited”
From Michael Gerber's "The E-myth Revisited" My Favorite Quotes from "The E-myth Revisited." "The question has often been asked of me, “What do the owners of extraordinary businesses know that the rest don’t?” Contrary to popular belief, my experience has shown me...