Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Incerto)
| Author | : | |
| Rating | : | 4.72 (755 Votes) |
| Asin | : | 0812975219 |
| Format Type | : | paperback |
| Number of Pages | : | 368 Pages |
| Publish Date | : | 2013-11-12 |
| Language | : | English |
DESCRIPTION:
Precisely very random and thought provoking This is one the first books I ever read on markets and trading. However compared to its reviews it turned out to something completely different. It definitely was not a kind of a book where you can just read and move on but a kind that actually makes you stop and think. I always had the impression that books about the market or the. How We Are All Fools of Randomness Mayur Patel By Mayur PatelHow We Are All Fools of Randomness This book was not the simplest book I have ever read, but very insightful for the market trader/investor. I will provide a little insight of my own into the realm of Nassim Taleb. I enjoyed the fact that the author explained concepts of the financial nature in the most basic manner. . It's always a good thing to expand the way you think Gilah I would have given the book 5 stars but there were some grammatical and syntax errors that bothered me. I guess I am used to editors who fix that kind of thing. But maybe that's not a good thing, maybe language irregularities are the way a language grows, so what one person calls an error another could call progress. But hey, don't
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. Fooled by Randomness is a standalone book in Nassim Nicholas Taleb’s landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we don’t understand. 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.. The other books in the series are The Black Swan, Antifragile, and The Bed
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. Highly recommended. 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 b