term coined by renowned investor Warren Buffett referring to a situation in which high-ranking insiders use their own money to buy stock in the company they are running.
Investopedia Says: The idea behind creating this situation is to ensure that corporations are managed by like-minded individuals who share a stake in the company. Executives can talk all they want, but the best vote of confidence is putting one's own money on the line just like outside investors!
Learning a new lingo...
This phrase covers everything from home mortgage industry to health care. Just do a search for "skin in the game" and you'll be surprised at the meaning.
Ping to #98
It took me a while to figure out a good response to a very good point you made about this little part of his statement...
All I can see is that in the bigger scheme of things, the more people with their blood, sweat and tears (and skin) in the tenuous economy that will be the norm for many years to come, and that every little crisis will effect it in the wrong way...
The more Americans will be whipped and scarred for being forced into this tenuous existance and experience the punishment for others (governments’) feduciary mis-management...
The IOU’s are starting to come in, and the less those who are truely responsible get scarred and can put as many of us in the way, the better for them...
“When in the course of human events is becomes neccessary...”
But what is unfortunate is that there are too many Americans who are so intellectually and politically lazy to see what they have done, and that there are too few of us to stop it...We are unfortunately going to have to ride this one out...And hope we can regain some semblance of conservatism in government, or we are heading for more trouble...
But I’m preaching to the choir...