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To have "skin in the game" is to have incurred risk (monetary or otherwise) by being involved in achieving a goal. In the phrase, "skin" refers to an investment (literal or figurative), and "game" is the metaphor for actions on the field of play under discussion.
Citing examples ranging from Hammurabi to Seneca, Antaeus the Giant to Donald Trump, Nassim Nicholas Taleb shows how the willingness to accept one’s own risks is an essential attribute of heroes, saints, and flourishing people in all walks of life.
- Nassim Nicholas Taleb
to be directly involved in or affected by something, especially financially: If people have skin in the game, preventable costs fall. A debate has been rumbling over how to ensure that lenders have more skin in the game. SMART Vocabulary: related words and phrases. Taking part and getting involved. actor. all in. along. attendee.
Sep 20, 2023 · The expression "have skin in the game" signifies someone has a personal stake or investment in a particular outcome or situation. It's not just about monetary involvement; the phrase can also indicate a commitment of time, effort, reputation, or emotion.
Dec 26, 2022 · Skin in the game refers to owners, executives, or principals having a significant stake in the shares of the company they manage. Skin in the game is important to...
Skin in the Game: Hidden Asymmetries in Daily Life (acronymed: SITG) is a 2018 nonfiction book by Nassim Nicholas Taleb, a former options trader with a background in the mathematics of probability and statistics.
Jun 1, 2018 · The phrase “skin in the game” is one we have often heard but rarely stopped to truly dissect. It is the backbone of risk management, but it’s also an astonishingly rich worldview that, as Taleb shows in this book, applies to all aspects of our lives.
The phrase “skin in the game” is a common idiom used to describe a situation where someone has a personal stake or investment in an outcome. This can refer to both positive and negative outcomes, such as financial gain or loss, reputation, or even physical safety.
Citing examples ranging from Hammurabi to Seneca, Antaeus the Giant to Donald Trump, Nassim Nicholas Taleb shows how the willingness to accept one’s own risks is an essential attribute of heroes, saints, and flourishing people in all walks of life.
Jun 17, 2024 · Skin in the game is an idiom that means having a personal investment in something. When someone has skin in the game , it means they have invested their own money, effort, or time into a project or business.
