Things designed by people without skin in the game tend to grow in complication (before their final collapse). There is absolutely no benefit for som… - Nassim Nicholas Taleb
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Things designed by people without skin in the game tend to grow in complication (before their final collapse). There is absolutely no benefit for someone in such a position to propose something simple: when you are rewarded for perception, not results, you need to show sophistication. Anyone who has submitted a “scholarly” paper to a journal knows that you usually raise the odds of acceptance by making it more complicated than necessary. Further, there are side effects for problems that grow nonlinearly with such branching-out complications. Worse: Non-skin-in-the-game people don’t get simplicity.
Nassim Nicholas Taleb (born 1 January 1960 in Amioun, Lebanon) is an essayist, epistemologist, researcher, and former practitioner of mathematical finance.
Biography information from
Wikiquote·
Portrait adapted from
Wikimedia Commons, Sarah Josephine Taleb (CC BY)
Corporations take the humanity out of trade - they take the happiness out and replace it with something that is ugly.
In a centralized system, it takes very, very little money to control government. I am not surprised to see how little money lobbyists make compared to the control they exert over Yuuuge decisions.
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