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Fooled by Randomness

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

Nassim Nicholas Taleb

C.) explores the role of luck and randomness in investing and financial markets. He argues that people tend to underestimate the impact of randomness on success and failure, and warns against relying on predictions and forecasts when making investment decisions. With a mix of anecdotes, philosophy, and practical advice, Fooled by Randomness presents a thought-provoking perspective on the nature of uncertainty and our own biases. It's a must-read for anyone interested in finance, investing, or decision-making in general.
Publish Date
first published in 2001
Goodreads Rating
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