Why this book?
Nassim Nicholas Taleb published several bestselling books, including The Black Swan and Antifragile, after his Fooled by Randomness established randomness, luck, and uncertainty as concepts that nobody should ignore when analyzing the past and making decisions about the future. Some people dislike Taleb’s arrogance but I do recommend this book because I dislike the arrogance of the establishment, especially when they attribute all their successes to skill while blaming others for their failures. We all like order and certainty, so it’s easy to swallow the nice but misleading theories of experts and scientists who ignore the reality of randomness and uncertainty. I became more alert to this issue after reading Taleb’s hammering of ignorant experts.
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
Why should I read it?
4 authors picked Fooled by Randomness as one of their favorite books, and they share why you should read it.
What is this book about?
Everyone wants to succeed in life. But what causes some of us to be more successful than others? Is it really down to skill and strategy - or something altogether more unpredictable?
This book is the bestselling sensation that will change the way you think about business and the world. It is all about luck: more precisely, how we perceive luck in our personal and professional experiences. Nowhere is this more obvious than in the markets - we hear an entrepreneur has 'vision' or a trader is 'talented', but all too often their performance is down to chance rather than…
- Coming soon!