Described by the Sunday Times as the ‘hottest thinker in the world’ and by the Financial Times as a ‘godlike oracle on the subject of risk‘, Nassim Nicholas Taleb comes to the how to: Academy stage to talk about his major new work: ‘Skin in the Game’ – meaning paying attention not to what people say, only to what they do, and how much of their neck they are putting on the line.
Citizens, lab experimenters, artisans, political activists and hedge fund traders all have skin in the game. Policy wonks, corporate executives, theoreticians, bankers and most journalists don’t. It’s all about having something to lose and taking a risk. In this talk based on his most provocative and practical book yet, Nassim Nicholas Taleb will show that skin in the game, which is usually seen as the foundation of risk management, in fact applies to all aspects of our lives.
In his inimitable style, Taleb will draws on everything from Antaeus the Giant to Donald Trump, from ethics to used car salesmen, to create a fascinating framework for understanding this idea. He will explains how, if we want social justice, we need to understand focus on symmetry and risk sharing; why minorities, not majorities, run the world; how you can be an intellectual yet still be an idiot and warns that we need to beware of complicated solutions (that someone was paid to find).
Just as The Black Swan did during the 2007 financial crisis, Skin in the Game comes at precisely the right moment to challenge our long-held beliefs about risk, reward, politics, religion and finance – and make us rethink everything we thought we knew.