 Every expert that you listen to should not be trusted. And what I want to talk about today's video is something that seems to leave talks about and that is called skin in the game. And this is a great example of a specifically what's happening with the pandemic with covid. And so let's talk about some things. Let's talk about experts. Let's talk about opinions. Let's talk about putting money on the table. So there's some things you got to keep in mind, ladies and gentlemen, you got to remember this. And this applies to everything in life. This applies to anybody that you're talking to that they're trying to communicate and convey a message towards you. And so this is a thing to get to keep in mind. OK, number one, what is the bias of this individual? This individual has a bias. We all have biases as normal part of human nature. But in a certain in the context of a conversation, when one individual is trying to convince me or one person trying to convince everybody, what is their bias? You got to find that out. It's really, really important once you understand their bias, you can understand the reasoning behind their thoughts, the reasoning behind how they think and why they are portraying this message towards you. So that's number one, the bias. Number two that you got to pay attention to is the incentive. So this is a big one. Like, I can't believe more people don't understand this. If a person is trying to give you advice of any caliber, and that person does not have skin in the game for the advice, meaning there is no ramification. There's no consequences if this individual's advice is not good. That's a red flag. And this is a classical example of the government. They can say whatever they want and do whatever they want with zero accountability and zero zero consequences. So when someone is talking to you as an expert and saying, well, I believe you should do X, Y and Z. Well, I think the best course of action is to do this. The first thing you got to do and ask them, what's their incentive? If they don't have any skin in the game, jog on. Like, I'm I'm going to take your advice with a grain of fucking salt because you literally have nothing to fucking lose. Absolutely nothing to lose. Now, there is a flip side for this, which brings me to point three. Point three is there is incentive in the classic example on this as a salespeople. Why are you pushing me so hard to buy this car? Why are you pushing me so hard to buy this product? It's the incentive model. They have an upside on the back end because their salary and commission depends on it. And so when someone's giving you advice, you got to look at the incentive model. Classic example right now in COVID is Dr. Fauci. He has a guaranteed job. He can stand there and I'm not I'm not here to bash him. But I'm just saying, giving you example, modern day example, he can say, ladies and gentlemen, the virus is deadly. Everybody stay home. It's easy for you to say you have a guaranteed job from the government for life, pretty much. What about the people that lost their work? What about the people that don't have any money coming in? See what I mean by the incentive? You really got to understand the incentive that individual has. If that individual is making an upside, this skews the so-called experts. This skews the data that they provide for you because there is a bias right there. The bias ties into the incentive. The bias is I will cherry pick data. I will cherry pick my words that I use to sell you a message so that my upside can go up, meaning cash. So where does this leave us? Number one, you got to look at the biases of people. Where are they coming from? Why do they have these biases will determine their messaging? Number two, you got to look at the incentive model. Do they have skin in the game? Do they get upside from this? Because that's going to skew the data, skew the messaging. And finally, this brings me to this point. If you're going to pay attention to some data points, pay attention to people that put money on the fucking table. Accountability consequences because they and this is why hedge fund managers, angel investors, entrepreneurs, they take huge risk because they put the fucking money on the table. Because if what I'm doing and what I'm saying is wrong, well, you know what my upside is? I'm fucking broke. That's my upside. You know what my upside is? Like I got nothing. I lose it all. And that's where we should be paying more attention to is people that have everything to fucking lose because they're going to take more time to look into information and to craft their message in a way to guarantee that their hypothesis, their theory of what they're talking about is true because they have everything to lose on the back end. And so I warn you guys when dealing with when listening to media or listening to anybody use this framework, really understand that not all messaging is the same. Understand the bias that people are coming from. Understand the skin in the game as to leave talks about because 99% of people have fucked all skin in the game. Why should I take your word as God when you have zero consequence? You can say you can sit here all day like, do this, do that. Thanks, buddy. Jog on because if I follow your advice and everything goes shit to south and then all the negativities on me and zero negativities on you. And so this is what I want to leave with you guys. Use heuristics, use frameworks, start doing more due diligence when people are spreading a message to you and this applies to everything. This applies to business, this applies to personal, this applies to health, this applies to obviously government policy, it applies to all aspects of human being, it goes into communication, tit for tat, tit for tat. And so I'll leave it at that, guys. I want you now to leave a comment below this video. Let me know what you think about this. Let me know if you've if you've experienced certain biases that you look back in hindsight and you realize, oh, yeah, that that's the reason why that person said that. And don't forget to subscribe. Hit that like button. You know, the like button makes all that algorithms go well and hit the notification bell and I'll talk to you guys soon. Peace out.