Skin in the Game – last

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Skin in the Game Part 2

Skin in the Game

 

Last post and a summary (?)

It was an interesting book, but I did not enjoy the way it was written. I am guessing I will be holding my breath for the next book by Nassim Taleb.

Collected some notes and quotes:

people need to be equal, at least for the purpose of the conversation, otherwise it fails. It has to be hierarchy-free and equal in contribution.

I fully support this, and also relates to my experience in Japan. While in Israel the hierarchy is there but less strong, it is maybe too strong in Japan. Going to drink or eat with a customer and the conversation feels superficial. That unless there is a strong and long relationship between the members.  I am lucky enough to be a foreigner and able to break these walls of hierarchy.

People who are bred, selected, and compensated to find complicated solutions do not have an incentive to implement simplified ones.

Maybe not directly related, but I am almost allergic to the use of the word “elite” in Japan, the branding of people according to their education. It means nothing to me and it does feel sometimes like “smart” people are acting the act and trying to talk or act in a complex way.

Traders, when they make profits, have short communications; when they lose they drown you in details, theories, and charts.

Same goes for Sales. If all goes well, nobody cares. If not, the excuses, finger pointing and theories prevail:  “Political instability”, “Competition is doing this or that” and more

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