Skin in the Game
According to The Black Swan author Nassim Nicholas Taleb it’s important for those who seek our favour to have Skin in the game, the title of his most recent book. In it he states why we should never listen to people who explain rather than do, and he asserts that “We should never trust anyone who doesn’t have skin in the game”.
Anyone who has read Taleb before will be familiar with his combative style. Yet his central conviction carries some weight. It feels intuitively correct: as individuals we naturally have more faith in those who are invested in some way in what they do. With this context in mind, we ask why some of Netwealth’s leading team have ‘skin in the game’ and have chosen to invest with the company.
|directly answers our needs and I can confidently assess progress against our long-term goals.|
|and expensive – than it should be. This was one of the reasons we set up Netwealth – to provide a professionally managed service doing the simple things well.|
|we can influence. Investing with Netwealth allows me to fully take advantage of these factors – such as minimising fees, being well diversified and making use of various tax wrappers. It all makes a big difference over time.|
|Netwealth Network is very helpful as it allows up to seven people I know to benefit from professional money management (while still choosing their own goals and keeping their money separate) – but with greatly reduced costs. It’s not just perfect for children to join, but parents and friends, too.|
|building sensible portfolios in a diversified and efficient way. Our clients often ask if we ‘eat our own cooking’, and I’m pleased to say that all members of the Netwealth investment team are happy clients, accruing the higher returns from our low fees.|
Please remember that when investing your capital is at risk.