@typesfast
my dog water tip of the day is to say goodbye to all those offices. Get a new HQ in Dallas, then some office space in LA, Chicago, Baltimore, Azerbaijan, and Uzbekistan. should be a good setup.
"Skin in the Game" refers to the idea that those who make decisions or take risks should also bear the consequences of those decisions. This ensures accountability and reduces moral hazard.
In short, "Skin in the Game" is about accountability, responsibility, and reducing moral hazard. It's a call to action for individuals and institutions to act in the interest of society, rather than just their own self-interest.
Taleb argues that people with "skin in the game" are more likely to make decisions that align with the interests of society as a whole. On the other hand, those without are more likely to make decisions that are in their own self-interest.
Today, 35+ VC firms, with another 15+ companies, representing hundreds of billions in capital have signed the voluntary Responsible AI commitments from
@ResponsibleLabs
(RIL), the non-profit I co-founded. As Chairman of RIL, Iโm proud to unveil thisย todayย with tech leaders and
This concept applies to individuals, corporations, and governments alike. For example, Taleb argues that politicians should be personally responsible for the consequences of their decisions, rather than relying on taxpayer money to bail them out.
Taleb also emphasizes the importance of diversification and spreading risk. He argues that those who have "skin in the game" are more likely to diversify and reduce their risk, because they bear the consequences of their decisions.
@Jason
i believe social security kicks in when you turn 67 or so... so i would say. 60 would be the oldest. if the govt is recommending people retire by 65 why have a presi be holder than that.