Nassim Nicholas Taleb

Their three flaws: 1) they think in statics not dynamics, 2) they think in low, not high, dimensions, 3) they think in terms of actions, never interactions.

If you have the rewards, you must also get some of the risks, not let others pay the price of your mistakes. If you inflict risk on others, and they are harmed, you need to pay some price for it. Just as you should treat others in the way you’d like to be treated, you would like to share the responsibility for events without unfairness and inequity.

The same mechanism of transferring risk also impedes learning.

You will never fully convince someone that he is wrong; only reality can

There is no evolution without skin in the game.

it is easier to know that something is wrong than to find the fix

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

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

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

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