| |  | Books : Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets |  | | | | | | | | | |
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Binding: Paperback
Dewey Decimal Number: 123.3
EAN: 9780812975215
ISBN: 0812975219
Label: Random House Trade Paperbacks
Manufacturer: Random House Trade Paperbacks
Number Of Items: 1
Number Of Pages: 368
Publication Date: August 23, 2005
Publisher: Random House Trade Paperbacks
Release Date: August 23, 2005
Sales Rank: 1715
Studio: Random House Trade Paperbacks
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Editorial Review:
Product Description:
“[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 Randomness is an irreverent, iconoclastic, eye-opening, and endlessly entertaining exploration of one of the least understood forces in all of our lives.
Amazon.com:
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
Customer Reviews Average Rating: 
Rating:  - Methods of thinking and mental models worth learning
Every once in a while, someone really intelligent focuses his thoughts on the most valuable skill a human can have--how to think.Nassim Taleb has done an admirable job at just that: not telling us what to think--but showing us how to think in ways we can apply to innumerable life situations. I'm talking about what Charlie Munger refers to as "multiple mental models."
The most important ideas explored are those of Popper--the idea of the open society--one in which no theory is known ... Read More
Rating: - An Insightful Rant
This book reads a lot like a self-absorbed blogger's rant, but it is a rant that is highly satisfying to read. Almost all of us have a distant relative or friend who is allegedly a "stock market genius". Taleb argues that it is usually hard to know whether that person is truly skilled or just lucky. Those of us who tend toward schadenfreude (enjoyment taken from the misfortune of someone else) can take solace in the fact that this person might just be a dolt who is likely to blow up one day. He argues ... Read More
Rating:  - An exercise in self-justification
One of the most self-congratulatory, didactic books I've ever read. Taleb is a convinced ideologue whose expertise in stock trading has created the conviction that he sees the invisible hand at work.
He constantly reminds the reader that he is writing, restating and recasting sections with a reference to his earlier statements (never trust a writer that quotes himself) while dismissing whole schools of thought by selectively quoting from philosophers to make them look silly and misguided ... Read More
Rating: - A Must Read
My husband has been struggling in the market for a good 5 or 6 years.Its really opened his eyes though.Of course its all common senses but when you've lived in denial for so long its a real eye opener.He was able to put himself into many of the positions and has stopped living on the if's and could've or should've been position.There's no more hoping for him he's looking for the signs now.
Rating: - Use Your Luck To Your Advantage
Many concepts in "Fooled by Randomness" can be mentally applied to many areas and circumstances of our lives.This book has a lot of variety both past and present that can help us in the future in how we *think* about things, our environment, and more importantly, ourselves.This review will take a different path because there have been so many written about this book already.
Author Nassim Taleb believes that Randomness and luck is more of a factor regarding people's positions and successes ... Read More
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets | | | |
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