Conversely, the most ineffective way to learn is abstract reasoning devoid of a real environment and where there are no bad consequences of being wrong. You’ll learn most effectively when you are in contact with reality and have to bear the full consequences of being wrong, i.e. The first main topic is around the importance of skin in the game when it comes to acquiring knowledge. Feelings I’ve struggled to grasp and articulate until now. The most enlightening parts of the book helped me understand my own feelings around risk-taking and entrepreneurship. It requires you to have downside risk too. Note that “skin in the game” is not just about having a share of the upside. It’s full of insights about our world and daily life that seem unrelated but always end up rooted in the importance of people having “skin in the game”. Nassim Taleb’s Skin in the Game is one of the most thought-provoking books I’ve read.
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