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Brian Romanchuk — Comments On “Skin In The Game”

Summary:
Skin in the Game: Hidden Asymmetries in Daily Life is the latest instalment of Nassim Nicholas Taleb's Incerto series, which is "a combination of a) practical discussions b) philosophical tales, and c) scientific and analytical commentary on the problems of randomness, and how to live, eat, sleep, argue, fight, befriend, work, have fun, and make decisions under uncertainty" (description from the Introduction). This article is a limited review of some of the aspects of the discussion of the book that relates to economics and finance. My beat is bond market economics, I am not here to offer advice on how to live, eat, sleep, etc. As a result, my discussion here is not really enough information to decide whether to buy the book or not, instead, I am just discussing a few points that

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Skin in the Game: Hidden Asymmetries in Daily Life is the latest instalment of Nassim Nicholas Taleb's Incerto series, which is "a combination of a) practical discussions b) philosophical tales, and c) scientific and analytical commentary on the problems of randomness, and how to live, eat, sleep, argue, fight, befriend, work, have fun, and make decisions under uncertainty" (description from the Introduction). This article is a limited review of some of the aspects of the discussion of the book that relates to economics and finance. My beat is bond market economics, I am not here to offer advice on how to live, eat, sleep, etc. As a result, my discussion here is not really enough information to decide whether to buy the book or not, instead, I am just discussing a few points that intersect with the subjects I normally discuss....
Bond Economics
Comments On "Skin In The Game"
Brian Romanchuk
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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