Monthly Archives: June 2018

painting

Pedophrasty

Definition: Argument involving children to prop up a rationalization and make the opponent look like an asshole, as people are defenseless and suspend all skepticism in front of suffering children: nobody has the heart to question the authenticity or source of the reporting. Often done with the aid of pictures.

Can also describe the exploitation of babies by professional beggars who rent them from their parents and use them as potent appendage in their trade(remember that children tend to grow and need to be replaced).

Link: https://medium.com/incerto/pedophrasty-bigoteering-and-other-modern-scams-c84bd70a29e8

photo of elephants

What is Skin in the Game? The phrase is often mistaken for one-sided incentives: the promise of a bonus will make someone work harder for you. For the central attribute is symmetry: the balancing of incentives and disincentives, people should also penalized if something for which they are responsible goes wrong and hurts others: he or she who wants a share of the benefits needs to also share some of the risks.

Link: https://medium.com/incerto/what-do-i-mean-by-skin-in-the-game-my-own-version-cc858dc73260

Taleb is a very difficult person to pin down. As Ralph Nader put it last month: “You cannot pigeonhole him!” But I think that introduction to his insight (and foresight) should suffice to convince even those who have never heard of him before that he’s worth listening to.

Taleb is a former trader, a professor at NYU, and the author of several best-sellers including Fooled by RandomnessThe Black SwanAntifragile, and his just-released Skin in the GameBut perhaps its best to classify him as a “flaneur,” someone who — according to the Oxford Dictionary, “saunters around observing society.”

Also see written article here: https://www.fool.com/investing/2018/04/03/motley-fool-interview-nassim-nicholas-taleb.aspx