Skin In The Game Quotes

“The difference between the earnings of a common labourer and those of a well employed lawyer or physician, is
evidently much greater than that between the ordinary profits in any two different branches of trade. The
apparent difference, besides, in the profits of different trades, is generally a deception arising from our not
always distinguishing what ought to be considered as wages, from what ought to be considered as profit.”
― Adam Smith, An Inquiry into the Nature and Cause of the Wealth of Nation vol II VIIth edition 1793 [Leather Bound]

“When the means of great violence are widespread, nothing is more dangerous to the powerful than that they create outrage and injustice, for outrage and injustice will certainly ignite retaliation in kind.
— BuSab Manual”
― Frank Herbert, The Dosadi Experiment

“No legal system can maintain justice unless every participant — magisters, prosecutors, Legums, defendants, witnesses, all — risks life itself in whatever dispute comes before the bar. Everything must be risked in the Courtarena. If any element remains outside the contest and without personal risk, justice inevitably fails.
— Gowachin Law”
― Frank Herbert, The Dosadi Experiment

“don't always insure yourself against failure, otherwise you won't fully commit”
― Hugh Jackman

“In our book, alignment means being a partner in both directions, not just on the upside. Many “alignment” plans flunk this basic test, being artful forms of “heads I win, tails you lose.”
― Warren Buffett, The Essays of Warren Buffett : Lessons for Corporate America

“... to figure out why ethics, moral obligations, and skills cannot be easily separable in real life, consider the following when you tell someone in a position of responsibility, say your bookkeeper, "I trust you." Do you mean that one you trust his ethics?”
― Nassim Nicholas Taleb, Skin in the Game: The Hidden Asymmetries in Daily Life

“Don't tell me what you think: just tell me what's in your portfolio.”
― Nassim Nicholas Taleb, Skin in the Game: The Hidden Asymmetries in Daily Life