I tell people what I have in my portfolio, not what I predict; that way, I will be the first to be harmed. It is not ethical to drag people into these exposures without incurring the risk of losses. In my book Antifragile, I tell people what I do, not what they should do, to the great irritation of the literary critics. I do so not for autobiographical reasons, but only because the other approach would not be ethical.

CommentsFinally, there are warmongers. To deal with them, the onetime consumer advocate and former US presidential candidate Ralph Nader has proposed that those who vote in favor of war should place themselves or a descendent into military service.

CommentsOne can only hope that something will be done in 2013 to implement some skin in the game heuristics. A safe and just society demands nothing less.

via More Skin in the Game in 2013 by Nassim Nicholas Taleb – Project Syndicate.