Fooled by Randomness

Fooled by Randomness

The Hidden Role of Chance in Life and the Markets
by Nassim Nicholas Taleb
Psychology 20 min read ★★★★½ 4.5 (644)
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About This Book

Fooled by Randomness (2001) is a collection of essays on the impact of randomness on financial markets and life itself. Through a mixture of statistics, psychology and philosophical reflection, the author outlines how randomness dominates the world.

Who Should Read This?

  • Investors and financial professionals who think they understand the nature of risk and performance
  • Anyone interested in human decision-making
  • Anyone who reads the newspaper every day to gain valuable information

About the Author

Nassim Nicholas Taleb is an academic, author and investor who has spent his life trying to understand the true nature of luck, uncertainty and knowledge. His later book The Black Swan also became a bestseller, and he is considered one of the top intellectuals on the planet. The author has written Fooled by Randomness partially based on his own experiences and interactions as a Wall Street trader.