Skin in the Game

Avoid taking advice from someone who gives advice for a living, unless there is a penalty for their advice.

You can define a free person precisely as someone whose fate is not centrally or directly dependent on peer assessment.

when you buy a thick book with tons of graphs and tables used to prove a point, you should be suspicious. It means something didn’t distill right! But for the general public and those untrained in statistics, such tables appear convincing—another way to substitute the true with the complicated.

The way to make society more equal is by forcing (through skin in the game) the rich to be subjected to the risk of exiting from the 1 percent.

True equality is equality in probability

always do more than you talk. And precede talk with action. For it will always remain that action without talk supersedes talk without action

To make ethical choices you cannot have dilemmas between the particular (friends, family) and the general

What matters isn’t what a person has or doesn’t have; it is what he or she is afraid of losing.

The more you have to lose, the more fragile you are.

Those who talk should do and only those who do should talk