Skin In The Game: Definition from Answers.com

1. Skin In The Game: Definition from Answers.com:

"A 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!"

2. Re: Skin in the game
Posted by Smokey Stover on September 19, 2007
In Reply to: Skin in the game posted by David Cross on September 19, 2007
: What is the origin of "Skin in the game"?

Warren Buffett talked about "putting skin in the game" in reference to managers and high officials showing their confidence in the company by putting their own money (their own skin) in. This, in turn, builds investor confidence. It has become almost a cliché, as Warren Buffett's reputation is itself a confidence builder. See, among others, http://www.answers.com/topic/skin-in-the-game?cat=biz-fin