Skin in the Game by Nassim Taleb

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“The curse of modernity is that we are increasingly populated by a class of people who are better at explaining than understanding, or better at explaining than doing.”

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“What matters isn’t what a person has or doesn’t have; it is what he or she is afraid of losing.”

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“Courage is the only virtue you cannot fake.”

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“The difference between successful people and really successful people is that really successful people say no to almost everything,”

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“Alexander said that it was preferable to have an army of sheep led by a lion than an army of lions led by a sheep.”

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“Those who talk should do and only those who do should talk.”

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“Avoid taking advice from someone who gives advice for a living, unless there is a penalty for their advice.”

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“I am, at the Fed level, libertarian;
at the state level, Republican;
at the local level, Democrat;
and at the family and friends level, a socialist.
If that saying doesn’t convince you of the fatuousness of left vs. right labels, nothing will.”

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“For studying courage in textbooks doesn’t make you any more courageous than eating cow meat makes you bovine. By some mysterious mental mechanism, people fail to realize that the principal thing you can learn from a professor is how to be a professor—and the chief thing you can learn from, say, a life coach or inspirational speaker is how to become a life coach or inspirational speaker. So remember that the heroes of history were not classicists and library rats, those people who live vicariously in their texts. They were people of deeds and had to be endowed with the spirit of risk taking”

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“Don’t tell me what you think, tell me what you have in your portfolio.”

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