" Fooled by Randomness"
The Hidden Role of chance in Life and in the Markets
by Nissim Nicolas Taleb
The Hidden Role of chance in Life and in the Markets
by Nissim Nicolas Taleb
Has anyone here read this book?
I cannot recommend too strongly that you ought to put it on your list of things worthy of a few hours in your lives.
It pierces though the absolute nonsense that many of us clearly think passes for common sense OR FOR THAT MATTER even statistical logic.
Particularly those of us who imagine that we are truly capable of making RATIONAL decisions might find this book both humbling and especially useful if you happen to be playing the markets.
Given that this nation (indeed the world's economies) might now be poised for a BLACK SWAN event, this modest tome on the question of how much any of us can know in advance or intuit from the past might give some of you pause.
Given that this nation (indeed the world's economies) might now be poised for a BLACK SWAN event, this modest tome on the question of how much any of us can know in advance or intuit from the past might give some of you pause.
I have very little doubt that much of my praise for this book has to do with my own philosophical resignation about how much FATE trumps WILL, but even those of you who deludee yourselves that you (or anyone else for that matter) are SELF MADE MEN will find this book a valuble exercise in challenging your assumptions about the world you live in and your ability to pierce the veil of uncertainty that surrounds us all.
Add to my praise and admiration for Mr. Taleb the fact that the book is written well enough that I found myself often laughing out loud at Talebs self deprecations because I saw so many of his foibles in myself, too.
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