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

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

by Nassim Nicholas Taleb

If the prescriptions for getting rich that are outlined in books such as The Millionaire Next Door and Rich Dad Poor Dad are successful enough to make the books bestsellers, then one must ask, Why aren't there more millionaires? In Fooled by Randomness, Nassim Nicholas Taleb, a professional trader and mathematics professor, examines what randomness means in business and in life and why human... (read more)

Top tags: investing,  probability,  risk,  economics,  finance (all tags)

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Amazon Reviews (5)
 

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Liked It

Wasay
  • Rated 4 stars

“Taleb is witty and sharp;sarcastic and disarmingly forward. This is one of those books you should read once every year to clear your mind from unintentional superstition/irrational dust collected on those logic circuits.
”

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Community:
  • Rated 4.135417 stars
Amazon:
  • Rated 4 stars
  

Newest Comments

  • Fallsguy

    fallsguy said:

    “I haven't finished this one. Pretty heavy lifting, like its successor, The Black Swan. I did finish that one. If you're intimidated by deep thinkers with a mischievous sense of humor, you won't like it. If you like that sort of thing, dig in. For more info, go here:
    http://www.delmio.com/explorations/the-black-swan-main/”

    posted Thursday, June 19 2008
  • jsalvati

    jsalvati said:

    “I read Taleb's books in reverse order (Black Swan -] Fooled) and I think that was a good order. The Black Swan idea seems considerably more important than his other ideas. While I enjoyed his books, I must say I am not at all fond of his writing style; Taleb is far too angry and his writing is far too unstructured for my tastes.”

    posted Sunday, June 1 2008
  • chillosk

    chillosk said:

    “Great book. The case studies on markets and options trading might confuse those who aren't versed in the financial world, but the lessons of this book go well beyond Wall Street.

    My favorite part of this book is the last chapter, where Taleb fuses the role of randomness with "soft" philosophy. Sure the world can deal us random blows - whether to our advantage or not, but how we roll with these blows is what makes us ultimately who we really are as human beings.

    This guy is a genius. Rarely can we find a trader so immersed with literature, and rarer still that one can express lessons from both in a seamless and easy-to-chew manner.”

    posted Wednesday, October 3 2007
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