booksummaryearth

Skin in the game summary   Great ideas around skin in the game and having some stake in the advice you’re getting, but I didn’t find this book as mind blowing as Antifragile or Black Swan. Still worth a read, though. Summary Notes Book 1: Introduction Skin in the Game is about four topics in one: a)  uncertainty and the reliability of knowledge  (both practical and scientific, assuming there is a difference), or in less polite words bull***t detection, b)  symmetry in human affairs, that is, fairness, justice, responsibility, and reciprocity,  c)  information sharing in transactions,  and d)  rationality in complex systems and in the real world.  That these four cannot be disentangled is something that is obvious when one has…skin in the game. To emit a Yogiberrism,  in academia there is no difference between academia and the real world; in the real world, there is. If you have the rewards, you must also get some of the risks , not let others pay the price

The Obstacle Is the Way Summary What stands in the way becomes the way. Focus on the things you can control, let go of everything else and turn every new obstacle into an opportunity to get better, stronger, and tougher. It’s three interdependent, interconnected, and fluidly contingent disciplines:  Perception ,  Action , and the  Will . Ideas “The impediment to action advances action. What stands in the way becomes the way”. “Overcoming obstacles is a discipline of three critical steps. It begins with how we look at our specific problems, our attitude or approach; then the energy and creativity with which we actively break them down and turn them into opportunities; finally, the cultivation and maintenance of an inner will that allows us to handle defeat and difficulty”. “There are a few things to keep in mind when faced with a seemingly insurmountable obstacle. We must try: To be objective. To control emotions and keep an even keel. To choose to see the good in a situatio