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We removed the skin in the game of journalists in order to prevent market manipulation, thinking that it would be a net gain to society. The arguments in this book are that the former (market manipulation) and conflicts of interest are more benign than impunity for bad advice. The main reason, we will see, is that in the absence of skin in the game, journalists will imitate, to be safe, the opinion of other journalists, thus creating monoculture and collective mirages.
Skin in the Game
Nassim Nicholas Taleb
The display between them glowed blue and gold. Holden looked tired, but Amos had seen him looking worse one time and another. Holden was the kind of guy who smoked himself down to the filter if he thought it was the right thing to do.
Babylon's Ashes
James S. A. Corey
Second, you learn to dispute the automatic thoughts by marshaling contrary evidence.
Learned Optimism
Martin E.P. Seligman
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