Interesting fool, nay?
Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Which is ironic, because Nassim criticises people who appear on TV as being good at communication but wrong in what they're communicating. Nassim should have cut out 90% of the pages, and I'd then rate it 5 stars.Reviewed in the United Kingdom on 24 August 2018,This book has very little of interest to offer. We also meet the fictional Nero, who seems to understand the role of randomness in his professional life but falls victim to his own superstitious foolishness.However, the most recognizable character of all remains unnamed-the lucky fool who happens to be in the right place at the right time-he embodies the “.Such individuals attract devoted followers who believe in their guru’s insights and methods. Something we hope you'll especially enjoy: FBA products qualify for FREE Shipping.If you're a seller, Fulfilment by Amazon can help you grow your business.No Kindle device required. What a circus! I've only read the book because Howard Marks refers to the author in his memos (more specifically to the idea of "Black Swans").Ignore the hate as there is value to be gained by reading this.Reviewed in the United Kingdom on October 1, 2019.I had my doubts about buying this book initially due to some of the hate Taleb seems to get for his style. Nothing new here, nothing original, just a description of experience and events, but something of which we need to be reminded of every so often. (aarifbillah.com),Successful people appear more powerful and dominant,Learn How To Learn – How To Prioritize Skills To Learn,Fooled by Randomness: The Hidden Role of Chance in the Markets and in Life.Consider the fortunes of two fictional traders, Nero and John:Traders get fooled by randomness when they:Lessons in Leadership from a Walk Across Spain.They believe they are skillful, when in fact they were lucky.They think a certain event was determined to happen when it was mere randomness.They assume certainty where there is only probability.They confuse knowledge and certitude with belief and conjecture.They believe that theory is reality, that coincidence is law, and that forecast is prophecy.Bull traders who get rich from a rally buy more assets and drive prices higher until they ultimately fail.Bearish traders rarely make it to the boom to participate in the bust.Options traders fare best because they buy insurance against a random blow-up.Overestimate the accuracy of their beliefs in an economic or statistical measure; they don’t consider that their trading worked in the past because it was merely coincidental or that their economic analysis masked the random element in past events.Lack of a precise advance game plan for dealing with losses.
Fooled by Randomness is the word-of-mouth sensation that will change the way you think about business and the world. ‘Fooled by Fortuna’ is a viable alternative title for this book which would covey the author’s message which is just a reminder of the precarious position we occupy in the world of experience. Having now finished reading this book, I will admit that if you can get past the author's arrogance in some places and overlook these as mere human flaws, then you will gain value from his insights.
The past decade has witnessed the release of many books about risk management and assessment, but none have managed to illustrate the role that random events play in life and markets as well as Nissim Nicholas Taleb’s latest work. Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets is a book by Nassim Nicholas Taleb that deals with the fallibility of human knowledge. Luck plays a pivotal role in winning and losing, victory and defeat, we simply choose not to acknowledge it and instead dream up false attributions to skill, leadership and aplomb. The first edition of the novel was published in 2001, and was written by Nassim Nicholas Taleb. This is my book summary of Fooled by Randomness by Nassim Nicholas Taleb. Seems that our carbon-based machinery fails us dealing with the abstract tools (say probability theory) we have been developing to understand nature (say since Pythagoras; just to finish with a foolish guess). Moreover, it's very irritating that the author incessantly keeps on advocating his personal opinions, some of which are very quaint to say the least (science/mathematics are bad whole philosophy is good, he knows how stock markets work while everyone else is ignorant or misinformed - by formal education, no less, etc, etc,),Reviewed in the United Kingdom on February 13, 2019.As an investor I don't usually read the writings of traders, simply prefer long-term investors and find practitioners way more useful. Even his methodology writing this book is foolish.
He's right, one the opposite is no good either, because there are thousands of other books we could be reading to learn things, and this book is a poor ROI. It also sounds boring!Nassim is an intellectual with original ideas, but a bad communicator, so it's not worth your time to wade through the 90% rambling to get to the 10% insight. The other books in the series are The Black Swan, Antifragile,and The Bed of … 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. [Fooled By Randomness] is to conventional Wall Street wisdom approximately what Martin Luther’s ninety-nine theses were to the Catholic Church.”,The Dao of Capital: Austrian Investing in a Distorted World,Fast, FREE delivery, video streaming, music, and much more.Prime members enjoy Free Two-Day Shipping, Free Same-Day or One-Day Delivery to select areas, Prime Video, Prime Music, Prime Reading, and more.Your recently viewed items and featured recommendations,Select the department you want to search in.1-Click ordering is not available for this item.Unable to add item to Wish List. . . The book was published in multiple languages including English, consists of 368 pages and is available in Paperback format.