Okay, next another heavy hitter. Very well known for his books, especially the Black Swan.

And he deals with risk and uncertainty.

I see people mention him on X all the time because he is known, and even somebody said it earlier today,

for pointing out how politicians do not have skin in the game.

And they really don't.

And even Professor Sachs when he was talking to Jake Sullivan, don't do this, don't go to war.

They did it, you know, and look, half a million dead.

And he's Elfit Harvard in his new job because they have no skin in the game.

They use other troops,

other people's kids, they use other people's money to pay for it. They're totally sheltered

from their consequences. And this man, this is what he specializes him. Please welcome

Nassim Nicholas Talib.

Thank you. Nassim Nicholas Talib. Hello, I'm honored to be here, and I thank Colonel McGregor for discussing Skinsk in the game,

because basically I have nothing to add maybe a few details.

So before I start my thing on seven points that characterize the modern world that's completely

different from what we have in mind.

Let me mention something on Skin in the Game.

The idea of Skin in the Game is that it's not so much a deterrent as much as a filter.

When you drive on a highway, even on Friday night, or even on New Year's Eve, you know, anyone could drive backwards kill 15 people.

Why it doesn't happen frequently?

Because you can only do it once.

Drivers have skin in the game.

...