Notes to Self: Have Skin in the Game

Lou Holtz famously said, "When all is said and done, more is said than done." In leadership, it's not about what we say; it's about what we do.? As the famous saying goes kids do not follow what you say, they look to your actions. It is important for us to ensure we live the philosophy we espouse and hold our selves accountable to the actioning of our key beliefs.

When we look to follow leaders or take advice one of the key things to look for is “Skin in the Game”. True wisdom comes from when decision-makers bear the consequences of their choices. This principle discourages recklessness and encourages thoughtful, responsible decision-making. A practical example of this is visible in the investment world. We see people come on the TV programs and discuss what stocks they have bought and sold but the key thing that should happen is experts should reveal their investments.? Show us what you have bought, show us your transactions.? Let’s see your skin in the game and your track record with those actions.?

Ethics of Effort: We must prioritize actions over words. We value those who demonstrate their commitment not just in promises but through tangible actions and real stakes in their endeavors. Nassim Nicholas Taleb’s concept of 'Skin in the Game' is crucial here, emphasizing that those with personal risks tied to outcomes are more likely to act with true wisdom. Taleb uses the example of street-smart 'Fat Tony,' who operates based on daily tested and applied knowledge. Tony teaches us the value of real-world experience over theoretical expertise. Fat Tony's decisions have direct consequences, embodying the essence of resilience and practical risk management. We can trust Fat Tony’s advice over that of a college professor because Fat Tony has real consequences and must live with those real consequences.?

Practice what you preach:

So, I write this as a call out to myself.? How long can one claim to be an endurance athlete without actively participating in another challenge? Am I one or was I one.? I believe in doing things that scare you.? Pushing yourself to the edge or your abilities and growing from there.? There is character building in suffering.? We must test ourselves.? It’s time for me to practice what I preach.? It’s time for me to be Fat Tony. ?I am taking on my biggest scariest endurance challenge yet and I want you to come along for the journey.? More to follow soon …..stay tuned ??