RE: LeoThread 2025-09-02 16:05

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Having skin in the game distinguishes genuine experts from pretenders.

leofinance
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Professionals like plumbers, dentists, electricians, or belly dancers are real experts; whereas bureaucrats or economists might lack this status due to the absence of a survival filter and no direct stake.

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This distinction applies in areas with fat-tailed risks too.

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Those who believe they can do without trusting experts only endure because they're wrong. Boarding a plane involves trusting experts on countless matters one may not even consider.

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Totally agree, when someone puts their own capital on the line, their advice hits different. How do you spot that in practice?

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