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Fooled by Randomness

The Hidden Role of Chance in Life and in the Markets (Incerto)

Nassim Nicholas Taleb

Just as coincidence can be confused with causality, so the lucky idiot can be confused with the skilled investor. The realities of randomness and probability almost guarantee that, out of a large pool of random investors, a Warren Buffett will emerge just by luck. Taleb (the founder of Empirica L.L....
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This is his collection of ancient wisdom. He is also famous for The Black Swan: The Impact of the Highly Improbable, Antifragile: Things That Gain from Disorder, and Fooled by Randomness: The Hidden Role of Chance in Life and Markets, all of which are worth reading.      source
@rsen01 Great book: Nassim Nicholas Taleb, Fooled By Randomness.      source
Really about how much randomness there is in our world.      source
Almost everyone in my office is forced to read Fooled by Randomness.      source
A few books that have influenced me 1. Personal Finance: Rich Dad, Poor Dad 2. Trading: Trading in the Zone 3. Mindfulness: The Power of Now 4. Philosophy: The Shortness of Life, Letters from a Stoic, Incerto 5. Biography: Snowball on Buffett 6. Life: A Book of Simple Living      source
I used Fooled by Randomness is a class I taught on the economics of uncertainty.      source