This week I watched Nassim Taleb's talk at BlockCon where he explored the concept of having 'skin in the game' and how asymmetric risk sharing pervades our everyday lives. The example of asymetric risk and reward that Taleb loves to showcase is the 2008 great financial crisis, where the large bank CEO's received millions in severance pay while tax payers were left holding the tab to bail out the banks. But how should we think about the thousands of businesses and millions of

Disclaimer: I am not your financial advisor, and this is not financial advice. Do your own research. Speaking of skin in the game, on February 15th, I wrote a case study on Texas Pacific Landtrust. At that point, it was trading at roughly $770 per share. I was long, and remain long, and have continued to purchase shares as they have declined to current levels at $379 per share. At current prices, the company is trading at around 9x trailing earnings (which will most likely be

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