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Lunch » Tags » Book » Reviews » Fooled by Randomness: The Hidden Role of Chance in the Markets and in Life, First Edition

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

1 rating: 5.0
A book by Nassim Nicholas Taleb

If the prescriptions for getting rich that are outlined in books such asThe Millionaire Next DoorandRich Dad Poor Dadare successful enough to make the books bestsellers, then one must ask, Why aren't there more millionaires? InFooled by Randomness, Nassim … see full wiki

Tags: Book
Author: Nassim Nicholas Taleb
Publisher: W. W. Norton & Company
1 review about Fooled by Randomness: The Hidden Role of...

Sound Science, Earth Shaking Conclusions

  • Oct 5, 2010
Rating:
+5
I am told Taleb's mathematics ring true; my experience tells me his illustrations drawn from the market certainly do.

It is rare when a sound scientific book renders itself entertaining, helpful and useful for the general public. Writing in a narrative style, Taleb tackles induction, survivorship bias and whether we, as humans, are equipped to face the modern world. The book is about luck and the fools who claim credit for what are often random events.

Stick with the book. It has applications in science, finance, politics and business. But beware; a thorough understanding of Taleb's thesis will shake your understanding of universe to its core.

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