27 min

IFB134: Skin in the Game Book Review The Investing for Beginners Podcast - Your Path to Financial Freedom

    • Investing

Announcer:                        00:00                     You’re

tuned in to the Investing for Beginners podcast. Finally, step by step premium

investment guidance for beginners led by Andrew Sather and Dave Ahern. To decode

industry jargon, silence crippling confusion and help you overcome emotions by

looking at the numbers, your path to financial freedom starts now.







New

Speaker:                   00:35                     All

right folks welcome to Investing for Beginners podcast episode 134 tonight

we’re going to do a book review. I’m going to talk about it, a book that I read

recently and we’ll kind of go over some notes that I took on the book and

Andrew and I will talk a little bit about it. So the name of the book is called

Skin in the Game. Nassim Tabel wrote it. Now, if you have not read any of his

books, this is his fifth installment of the Incerto series. So he’s also

written, saw other fantastic books like a Black Swan Antifragile as skin in the

game as it is a most recent one. That’s the one that I’ve read. I have not read

the other four yet. Andrew, have you read any of his books?







Andrew:                              01:18                     I’ve

done some of Black Swan [inaudible]. He’s like a fascinating guy’s got a lot of

great ideas. People Revere him because when he wrote Black Swan, I think it was

right before either the 2010 flash crash or the 2008, 2009 bear market. But the

gist of it is that people try to reduce risk in the market and, but they’re

investing, but they don’t think of what it is called, like a Sigma six-event or

something. They don’t think of that Black Swan. The unprecedented event that

we’ve never seen. And all it takes is that to wipe out all the other smarts and

gains that you’ve had. And you know, the timing of that book was great. The

theories in the book and everything like that is really good. And that’s

something that, especially, I think as the internet goes on and on and on, and

I’ll stop going on and on and on about it.







Andrew:                              02:21                   ...

Announcer:                        00:00                     You’re

tuned in to the Investing for Beginners podcast. Finally, step by step premium

investment guidance for beginners led by Andrew Sather and Dave Ahern. To decode

industry jargon, silence crippling confusion and help you overcome emotions by

looking at the numbers, your path to financial freedom starts now.







New

Speaker:                   00:35                     All

right folks welcome to Investing for Beginners podcast episode 134 tonight

we’re going to do a book review. I’m going to talk about it, a book that I read

recently and we’ll kind of go over some notes that I took on the book and

Andrew and I will talk a little bit about it. So the name of the book is called

Skin in the Game. Nassim Tabel wrote it. Now, if you have not read any of his

books, this is his fifth installment of the Incerto series. So he’s also

written, saw other fantastic books like a Black Swan Antifragile as skin in the

game as it is a most recent one. That’s the one that I’ve read. I have not read

the other four yet. Andrew, have you read any of his books?







Andrew:                              01:18                     I’ve

done some of Black Swan [inaudible]. He’s like a fascinating guy’s got a lot of

great ideas. People Revere him because when he wrote Black Swan, I think it was

right before either the 2010 flash crash or the 2008, 2009 bear market. But the

gist of it is that people try to reduce risk in the market and, but they’re

investing, but they don’t think of what it is called, like a Sigma six-event or

something. They don’t think of that Black Swan. The unprecedented event that

we’ve never seen. And all it takes is that to wipe out all the other smarts and

gains that you’ve had. And you know, the timing of that book was great. The

theories in the book and everything like that is really good. And that’s

something that, especially, I think as the internet goes on and on and on, and

I’ll stop going on and on and on about it.







Andrew:                              02:21                   ...

27 min

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