No skin in the game?

(The photo was posted in the Chinese section of the SF Public Library near Stonestown shopping mall, written in simplified Chinese.  It takes a lot of effort for me to read in the simple form.  It basically says that it’s up to us as individuals to learn and thrive in a democratic society.  There are some basic rules that we need to behave in the library, contact the librarian for the specific rules)

I have learned a lot from the book Skin In The Game (page 63-65).

Don’t tell me what you think, tell me what you have in your portfolio.

The author believes that stock analyst should own the stocks they talk about (long or short).  Otherwise “journalists will imitate, to be safe, the opinion of other journalists, thus creating monoculture and collective mirages

He also talks about how doctors have skin in the game, but they don’t have the right skin in the game.  They will either over prescribe medicine for mild illness, just to be safe (not be sued) or use the wrong treatment (if the wrong metric is used (Page 64)

The legal system and regulatory measures are likely to put the skin of the doctor in the wrong game.

Tony Tam (Li Zhi)

Senior Principal Engineer @ Splunk, ImpactfulEngineer.org & SFBadminton.org