Notes from Skin in The Game
Avoid asymmetry—don't participate in transactions where one party has more knowledge/risk than the other.
Don't treat others the way you wouldn't like to be treated.
Ethics doesn't scale.
The way you treat people changes as you add more individuals.
"Courage (risk-taking) is the highest virtue."
Knowledge with the least amount of labels tends to be the most useful.
Skin in the Game allows you to collect feedback from the consequences of your actions.
Avoid playing games where there's a non-zero probability of ruin.
By definition, what works must be rational, no matter how stupid it may initially seem.
"Rationality is avoidance of systemic ruin."
Humans developed heuristics that predispose them for survival over truth.
If an inaccurate perception of reality leads to a greater chance of survival, you are (in a sense) acting rationally.
