Skin in the Game: main ideas and review

Silver rule over the golden rule

Taleb established that the silver rule is more ethical than the golden rule, i.e.

“do not do unto others as you would not have them do unto you” rather than

“do unto others as you would have them do unto you”.

I think it is rather obvious that avoiding injustice is more robust than trying to pursue justice because not even the most well-intentioned and intelligent know what harm they could do as an n-th order consequence of their pursuits.

In opinion, it’s for the same reason why doctors try to do no harm rather than to make people healthy.

“Pseudoleftist caviar eaters”

Taleb has been on Twitter a lot, and by god, he didn’t just take the red pill, he took the whole box. He used the terms “social justice warrior”, “white knight”, etc to talk about people who signal their generosity of spirit without being exposed to the consequences of that which they advocate. Next, he will be on Alex Jones. 

He implied that the very prominence of Bernie Sanders is a testament to how unequal the Unites States became under the preceding presidency. He also brought up some jaw-dropping statistics about the dynamics of (in)equality: a large portion of the US population will be among the richest at some point in their lives, unlike in Europe where, if you are rich, you’ve been rich since the middle ages.

Atheism

Taleb exposed a very interesting feature of atheism while calling it a “monotheistic religion”. I think what he was getting at is that pagan religions are inherently pluralist. There is a kind of competition between the gods, whereas monotheistic religions involve an absolute as, one could argue, does atheism (but not agnosticism).

Nationalism

Taleb spoke about not being comfortable to get naturalised in France, as he was entitled, as he wasn’t part of the culture (but would have been on with a Greek or Cypriot passport). He admitted to wanting to accept the honorary degree from a Lebanese university as an exception.

He backed the United States’ policy of making its citizens pay tax on all their income obtained elsewhere, to the United States. He endorsed a certain amount of protectionism.

This is a stark change from his stance in the now 11 year old The Black Swan.

Liberty

He spoke once again about the benefits of decentralisation, the damage caused by regulation, etc. He mentioned the paradox of tolerating intolerance under a democratic system, but, in my view, didn’t address it properly.

He compared entrepreneurs to wolves and employees to dogs and argued that freedom always involves risk.

In a strange, conflicted way, he portrayed autocrats as entrepreneurs: it is easier to deal with a business owner (autocrat) than an employee (elected representative held accountable by committees and the media) when trying to make a deal.

Genetics vs language

Taleb argues that when it comes to language, the one that suits the most intransigent group and doesn’t inconvenience the majority becomes the lingua franca. Another example of this process is that a lot of schools don’t allow peanuts, or why commonly available juice is being labeled as kosher. He calls this the minority rule.

His argument about genetics is the opposite, the majority rule, as in the genetics of certain populations remain the same despite invasions.

I am not so sure he is right because what you find studying non-autosomal genetics (Y chromosomes and mitochondria) is that a version of the minority rule applies. It’s the same mechanism as why surnames die out and in theory, as time goes to infinity, we will all end up with the same surname.

Does Taleb have skin in the game?

Taleb denounces as charlatans the people who give advice without being held accountable for it. He feels that a life coach can only teach you to be a life coach and a professor can only teach you to be a professor. Does it follow that Taleb can only impart the knowledge on how to be a contrarian writer?

What skin does he have in the game? Reputation? Family? So do politicians, who he argues aren’t exposed to the consequences of their actions. He has long left his area of risk management and moved on to cultural, political and economic issues. I guess he is a successful practitioner of risk, a man who lived an interesting life and an erudite. He doesn’t impose his policies and regulations onto people. He does seem to have soul in the game as there appears to be consistency and integrity in his writing. It seems that he is doing it for posterity. Through his f*** you money, as he calls it, I think he has to an extent isolated his skin from the game. He seems to think this is freedom.

Should you read it?

If you are going to read just one book by Taleb, I recommend Fooled by Randomness. Otherwise, yes. You can get it on Amazon.

A little thought experiment

You’re about to open results of psychological tests comparing atheists and agnostics. What do you expect to find?

I wonder if agnostics are more conflict averse, better at abstract thinking and have a sense of humour.

Also, how do atheists who have children deal with the concept of Santa? Santa is a real world conspiracy theory – and possibly a much more pagan one than a Christian one. I imagine that there has to be a “herd immunity” for the concept of Santa to survive in creches and primary schools. Do religious parents arrive at the door step of atheists and be like, stop your child from spreading heresy!..

P.S. It is snowing in Ireland. I was in the Midlands today and it’s a Winter Wonderland.

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The unofficially religious

I’ve recently attended a Catholic funeral. At one stage the priest said that the deceased wasn’t really dead. That was the point at which my suspension of disbelief painfully broke down.

I have respect for both religious people and atheists. The likes of Ricky Gervais with their cutting comments aimed at the religious folk are really cutting at people’s refusal to think critically, not their faith.

If it were any other way, there would be no such thing as fanatical atheists.  Or reasonable religious people. Most of all I think that people who claim that they are atheist do have a religion, they just don’t call it a religion.

Some have turned to science. Science has the answers, they say. Not really. Science is all about questions. “But science has proven…” Science has never proven anything. It has only ever said that within this narrow range of values and under these ten unrealistic assumptions, a relationship between two variables doesn’t break down. That’s science.

And don’t get me started on social science. Anyone who has handled data and statistical packages will know how to ask the right questions to get the right answers. That too is called science these days.

Then there is yoga, fitness, self-help, vitamins and mindfulness and all that other stuff that is basically a pagan pantheon in the context of weakened organised religion. Its importance ebbs and flows and whenever it’s not doing well, people find new unofficial deities. These things answer the same need that religion does: what to do when you don’t know what to do.

I’ve yet to meet a person who has the tolerance of uncertainty strong enough to not have a religion, whether it is officially called one or not.

David Foster Wallace comes to mind yet again:

“Because here’s something else that’s weird but true: in the day-to day trenches of adult life, there is actually no such thing as atheism. There is no such thing as not worshipping. Everybody worships. The only choice we get is what to worship.”

P.S. I am aware that many of my readers aren’t Irish, so for anyone who has even a remote interest in Ireland/ rural life/ religion/ comedy, you need to watch a few Father Ted episodes. Daily Motion seems to have all of them.

“What… is water?” asks the fish

A huge percentage of the stuff that I tend to be automatically certain of is, it turns out, totally wrong and deluded.

David Foster Wallace

I got into a merry debate with the lovely Pink Agendist about choosing day-dreaming versus being in the moment that ultimately elicited that we broadly agree: reality is a hugely interesting topic. In his touching speech, David Foster Wallace says :

The alternative is unconsciousness, the default setting, the “rat race” – the constant gnawing sense of having had and lost some infinite thing.

In a disarming manner, he admits that he isn’t saying anything ground-breaking. His point, however, is that it is so hard to keep the important thoughts in front of us that they are worth repeating. It seems that from Buddhists to Seneca to Darwin, the main philosophical thought that resonates with me is: be aware and adapt. Even in his seemingly grim Letter 61, Seneca says:

Let us set our minds in order that we may desire whatever is demanded of us by circumstances, and above all that we may reflect upon our end without sadness.

Few concepts send my mind into a spin like this. Part of me resists: humans accomplished what they’ve accomplished by defying their odds, not by accepting what is demanded of them. Siberia demands that you freeze to death or leave, for example. However, I think it is a misinterpretation on my part. Seneca is instead saying: find a way to use this situation. What is demanded is that one figures out how to chop wood and sustain a fire, so one has to manage themselves in such a way that they could do this eagerly and well. This one sentence explains the nature of cognitive behavioural therapy used today: changing one’s mind will change one’s emotions – and how one behaves. The point isn’t to idolise Seneca. I am sure that many generations of John the Caveman said it before him. The point is that the concept is as relevant today as it ever was.

Another part of me says: what are the circumstances – and what do they demand? I made a little graphic to show the nature of my confusion. Understanding the circumstances may require the sort of insight that I am not even aware exists.

developing self awareness though mindfulness

I haven’t figured out another way to get closer to understanding any of the above other than through mindfulness and reading the works of philosophers that stood the test of time. Even then, reading a philosopher’s thoughts is secretly wishing that someone else has it all figured out. This is another brilliant point that David Foster Wallace brings up: even if one doesn’t think that they have a religion, they still worship something – and have some kind of default setting:

In the day-to-day trenches of adult life, there is no such thing as atheism. There is no such thing as not worshipping. Everybody worships. The only choice we get is what to worship… The insidious thing about these forms of worship is not that they’re evil or sinful; it is that they are unconscious. They are default settings.

Just like Pema Chodron explains, it is part of human nature to assume that someone else has the answer. After all, that is what we are conditioned to believe as children through the behaviour of adults – they always know best. When we ourselves become adults, that void is then filled with some kind of worship. The only way to snap out and have the ability to choose again, even for a moment, seems to be by being in the moment.

I am tangentially involved in game development and recently came across a game called The Stanley ParableIt involves a corporate employee and his choices. The game is incredibly philosophical, touching on the concept of choice and free will – and I couldn’t do it justice here. However, if you have nothing to do on a dark January night, it will rock your world.

Have a mindful weekend, everyone.