Book-Store-1.com > Books > Fooled by Randomness : The Hidden Role of Chance in Life and in the Markets

by: Nassim Nicholas Taleb Average Rating: 4.00 out of 5 stars

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If the prescriptions for getting rich that are outlined in books such as
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- Applies to life too
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- Made me rethink my profession
I am a finance prof. I must admit that before reading Taleb my view of applied probablity was rather naive, probably because I have too much training in probability theory. Taleb makes a lot of excellent points about investments, investing, and the role of probability. Describing processes that we believe are controllable as fundamentally random is refreshingly nihilistic.
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- ignorance or randomness?
This book is a consolation prize for those who can't trade but who can still afford to buy a book. The author's definiton of that which is random is that which he does not understand. Assuming that he understands as much as any one sapient being possibly can, therefore much of life is random. And of course, more of life is random than many people think. But then, the limits of human knowledge are more restrictive than most recognize, bien sur! What to his dim and limited imagination is randomness may ... Read More

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

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