Skin In The Game???
To have "skin in the game" is to have incurred risk (monetary or otherwise) by being involved in achieving a goal. In the phrase, "skin" is a synecdoche for the person involved, and "game" is the metaphor for actions on the field of play under discussion.
How much skin you have in the Game?
When you failed; what is the degree of skin burn you will suffer?
It is 3rd degree or more skin burn when you failed that is skin in the Game!
Sometime Uncle8888 will ask questions and the replies from some investment bloggers or retail investors: " I am lazy .. blah blah"
Of course; they can afford to be lazy depending how much skin in the Game.
When you know that you are going to suffer 3rd degree skin burn or more; you can still afford to be lazy? LOL!
Often when I'm too hardworking in stocks the results end up worse than when I'm lazy, don't sweat the small stuff & don't do too much. Aiyoh! LOL!
ReplyDeleteLazy and still achieve good result is wonderful!
DeleteCW,
ReplyDeleteThere's 2 dimensions to it.
The first is what we snake oils use to "prepare" our target flock. Must keep chanting its "easy", 5 minutes a day, no need effort one lah... Look ma! No brains needed!
If not how to attract those who just want the 10 year series shortcut answers? Or the if others can, so can I copycats?
Its a business model ;)
2) The 2nd dimension is what we all very familiar with - could be false modesty or must appeat to be humble mah!
Humbleness is akin to saying I got lucky! Surely you not going to say limpeh smarter than everyone else right? EQ remember? If not how to win friends and influence others?
False modesty is you don't want to reveal your real secret. Remember those colleagues or classmates who secretly spent hours preparing for that project or exam, but tell you they never spend anytime on them? They were "lazy"...
Yeah right...
LOL!
Those working harder like to appear to be lazy!
DeleteLazy is good!
LOL!