Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets

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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 word-of-mouth 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 ...

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Book Napakin

Nov 2, 2007

It's ok to be a fool

Great book if you have the intellectual fortitude and self-honesty to withstand Taleb's unflinching (and downright scathing at times) look at how people see causality and order when the driving force is often just chance. It's a critical ride through history, epistemology, human behavior, probability, and the many lopsided bets that people unknowingly make. For some (perhaps many), Taleb's writing style can come off as intellectually pompous and disdainful. But if this bothers you, ignore the messenger and think long and hard about the message.

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