Das Risiko und sein Preis

Why we should only trust those who have something to lose. Do we stand behind the risks we create? According to Nassim Taleb, too many people in the world who hold power and influence do not really have to face the consequences of their actions and decisions. He particularly criticizes intellectuals, journalists, bureaucrats, and bankers for having no "skin in the game." Because they do not have to pay the price when they are wrong, they make poor decisions. Taleb illustrates with many examples how "skin in the game," a fundamental concept of risk management, can be applied to all areas of our lives. His new book, as provocative and groundbreaking as "The Black Swan," challenges us to rethink everything we believe we know about risk and responsibility in politics, economics, and society.