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Loading... Fooled by Randomness: The Hidden Role of Chance in Life and in the Marketsby Nassim Nicholas Taleb
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will love Sign up for LibraryThing to find out whether you'll like this book. Really a unique and mind-opening book. The writing style is unique, and the author is witty and fun. After reading this book, I finally feel like I roughly "get" the concept of the markets. (  )connorcl | Jun 20, 2009 |   Pretty good. Too long. The insights about survivor bias and statistical distributions are important ones. Your life would be improved by reading about that. I even like the unhinged crazy-man writing style in some places. His discussion of evo-psych and Karl Popper make him sound a little like an internet crank--and I like Karl Popper and evolutionary explanations of human psychology!! leeinaustin | Feb 3, 2009 | A skewed, bonkers and enjoyable look at the role of randomness in success. This brought out some neat key points, such as that performance should be determined not (just) by outcome, but on the basis by which the decision was made in the first place, and the long-run performance of a strategy. Coming more from the psychology side of things I know very little about trading and economics, and struggled a bit with the lingo, but nonetheless found this readable. One of the books I've recently read to make me shout out loud "Yes! That is *exactly* spot on!" (  )simonfarrell | Sep 30, 2008 | A most enlightening and entertaining reading experience. The author provides a collection of mini-essays (musings if you will) that collectively expanded my world view. Mr. Taleb is now a favorite author. ( )stevetempo | Sep 26, 2008 | Taleb isn't afraid to diss the pretenders in this field and hang them out to dry. I find his darkest black humour to be adorable though he does ramble rather. couldn't help chuckling at the various anecdotes: one memorable one, 'Now Yuri will have a word with you' when interviewing those MBA-ers who put chess skills on their resume - priceless! he's really too cynical though in the area of personal growth, so he'll never realise the detachment he seems to want ;-) ( )abraxalito | Aug 7, 2008 | 0.044 seconds to build listing  no reviews | add a review
Amazon.com (ISBN 0812975219, Paperback)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 beings are so prone to mistake dumb luck for consummate skill. This eccentric and highly personal exploration of the nature of randomness meanders from the court of Croesus and trading rooms in New York and London to Russian roulette, Monte Carlo engines, and the philosophy of Karl Popper. Part of what makes this book so good is Taleb's ability to make seemingly arcane mathematical concepts (at least to this reviewer) entirely relevant in evaluating and understanding everything from the stock market to the success of those millionaires cited in the aforementioned bestsellers. Here's an articulate, wise, and humorous meditation on the nature of success and failure that anyone who wants a little more of the former would do well to consider. Highly recommended. --Harry C. Edwards(retrieved from Amazon Fri, 24 Apr 2009 07:57:56 -0400) The first test round has been closed. Visit the Open Shelves Classification group for details. |
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