Fooled By Randomness: The Hidden Role Of Chance In Life And In The Markets

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Random House Trade Paperbacks, 2005 - Business & Economics - 316 pages
356 Reviews
“[Taleb is] Wall Street’s principal dissident. . . . [Fooled By Randomness] is to conventional Wall Street wisdom approximately what Martin Luther’s ninety-nine theses were to the Catholic Church.”
Malcolm Gladwell,The New Yorker

Finally in paperback, the word-of-mouth sensation that will change the way you think about the markets and the world.This book is about luck: more precisely how we perceive luck in our personal and professional experiences.

Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill–the world of business–Fooled by Randomnessis an irreverent, iconoclastic, eye-opening, and endlessly entertaining exploration of one of the least understood forces in all of our lives.
  

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5 stars
122
4 stars
119
3 stars
70
2 stars
30
1 star
15

Good insight and advice on life. - Goodreads
However, I found his writing style tedious. - Goodreads
Fairly easy to read and entertaining. - Goodreads
Taleb's writing is pungent, incisive and gripping. - Goodreads
Great insights soaked in author's annoying arrogance. - Goodreads
Great insight on how big wealth really comes about. - Goodreads

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

User Review  - Jack - Goodreads

I like Taleb's ideas and thinking. The ideas are five star ideas. The writing is lousy though. More like two-star writing. Read full review

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

User Review  - Kristjan Hiob - Goodreads

Interesting read. The guy brings some interesting points, I don't think the entire book should be taken as the whole truth, but the author also says this at the end, saying that he doesn't claim to ... Read full review

Contents

Two A BIZARRE ACCOUNTING METHOD
22
Three A MATHEMATICAL MEDITATION
43
Four RANDOMNESS NONSENSE
70
Five SURVIVAL OF THE LEAST FIT CAN EVOLUTION
79
Six SKEWNESS AND ASYMMETRY
97
Seven THE PROBLEM OF INDUCTION
116
Eight TOO MANY MILLIONAIRES NEXT DOOR
139
Nine IT IS EASIER TO BUY AND SELL
149
WHERE IS NAPOLEON WHEN
190
WHY WE DONT MARRY THE FIRST DATE
197
PROBABILITIES AND THE MEDIA
210
Twelve GAMBLERSTICKS AND PIGEONS IN A BOX
226
ON PROBABILITY
234
Fourteen BACCHUS ABANDONS ANTONY
245
Postscript THREE AFTERTHOUGHTS IN
252
Acknowledgments for the First Edition
263

Ten LOSER TAKES ALL ON THE NONLINEARITIES
172
WE
182
SOME ARCHITECTURAL
183

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About the author (2005)

Nassim Nicholas Taleb is the author ofThe Black Swan. He has devoted his life to immersing himself in problems of luck, uncertainty, probability, and knowledge. Part literary essayist, part empiricist, part researcher, part no-nonsense businessman, he spent eighteen years as a mathematical trader, and was the Dean’s Professor in the Sciences of Uncertainty at the University of Massachusetts at Amherst. Taleb lives mostly in New York.


From the Hardcover edition.

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