Be Specific About Books Conducive To Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Incerto #1)
| Original Title: | Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets |
| ISBN: | 0812975219 (ISBN13: 9780812975215) |
| Edition Language: | English |
| Series: | Incerto #1 |
Nassim Nicholas Taleb
Paperback | Pages: 368 pages Rating: 4.06 | 45078 Users | 1899 Reviews
Chronicle To Books Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Incerto #1)
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. The other books in the series are The Black Swan, Antifragile,and The Bed of Procrustes.
Particularize Appertaining To Books Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Incerto #1)
| Title | : | Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Incerto #1) |
| Author | : | Nassim Nicholas Taleb |
| Book Format | : | Paperback |
| Book Edition | : | First Edition |
| Pages | : | Pages: 368 pages |
| Published | : | August 23rd 2005 by Random House Trade Paperbacks (first published 2001) |
| Categories | : | Nonfiction. Economics. Business. Finance. Psychology. Philosophy. Science |
Rating Appertaining To Books Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Incerto #1)
Ratings: 4.06 From 45078 Users | 1899 ReviewsEvaluate Appertaining To Books Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Incerto #1)
A skeptic's guide to life - A lot of what its critics say about this book is true. It is unstructured, repetitive and occasionally polemical- But it worked for me. Not only does it provide a great bibliography ( like someone once said, "what is the point of a book if it does not lead us to other books" ) but it also explains a few theories which I knew intuitively but couldn't convince myself that they were more than wishful thoughts. Taleb is probably an idiosyncratic taste, or maybe I justDon't Be FooledThe author is a Legend in his Own Mind, and he reminds the reader of his brilliance every few pages.I'd rather have a waxen image of me stuck repeatedly in my tiny black eyes with voodoo pins than read another book by this man.
The modern world regards business cycles much as the ancient Egyptians regarded the overflowing of the Nile. The phenomenon recurs at intervals, it is of great importance to everyone, and natural causes of it are not in sight.~ John Bates Clark, 1898 Yeah, right!~ Nassim Nicholas Taleb, 2001
This is one of the best books I have ever read. It has everything in a book that I yearn for....interesting ideas...some of which I don't grasp because hey are too clever for me...a smug narrator who seemingly knows more than everyone else...and a well-written and pleasing style.Here is the crux of the book. Brokers have a very common weakness. They fail to appreciate that the likelihood of an event can not be the only factor one looks at when deciding to make a move. The likelihood, and the
Yeah, you see. Ive just checked and most of the other reviews of this book do pretty much what I thought they would do. They complain about the tone. This guy is never going to win an award for modesty and he probably thinks you are stupid and have wasted your life. And it gets worse like that quote from Oscar Wilde that has tormented me for years: Work is the refuge of people who have nothing better to do, this guy reckons that if you work for more than an hour or so per day you are probably
Renowned statistician George Box once said, All models are wrong, but some are useful. The author of Fooled by Randomness is all over the first part of this statement, but apparently doesnt consider it part of his job as an iconoclast to say anything about the second. Taleb goes to great lengths to point out how some of the original assumptions made in investments and finance have blown up in peoples faces. Yes, unusual events do happen more often than a normal distribution suggests. Yes,
Using his trademark aphoristic bent, Friedrich Nietzsche wrote: Arrogance in persons of merit affronts us more than arrogance in those without merit: merit itself is an affront. Ive come to realize that some people find Nassim Talebs arrogance quite repugnant, but, personally, I find it rather charming. I suspect that the same people who find Talebs arrogance off-putting are the people who wish they possessed a shred of his erudition. Nietzsche was certainly on to something; its hard to avoid
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