Fooled by Randomness Revision (Not Available in Us): The Hidden Role of Chance in the Markets and Life

By Nassim Nicholas Taleb
This revised paperback edition of Fooled by Randomness includes a new introduction, the expansion of some of the author's key concepts and an extensive bibliography pointing the reader towards further reading. Taleb takes the reader on a fascinating journey through our perceptions of success, failure and luck; bridging the gap between mathematics, philosophy, the financial markets and life in general. Concepts such as survivorship bias, induction and our genetic lack of fitness for the modern world are laid before the reader in an accessible narrative that sweeps across the trading rooms of New York and Chicago, passing along the way Solon (the Ancient World's wisest man), the philosophy of Karl Popper and the pronouncements of Yogi Berra (it ain't over 'till the fat lady sings) amongst others. At the end of the journey, the reader is left with a deep understanding of the role randomness plays in all our lives. the right time who claims some brilliantly conceived plan was behind the success. He explains his ideas against a backdrop of the greatest and most visible forum possible for investigating these misconceptions - the world of trading and derivatives in which Taleb is regarded as a leading international figure. been granted the gift of second-sight, been suddenly wiped out by a supposedly rare - or random - event? And we can all recognize the business leader or politician who claims a remarkable upturn in results is solely down to the cleverly thought-out strategies - when the reality is a series of independent factors coming together by chance to produce the success. Are we capable of recognizing the fortunate charlatan from the genuine visionary?


NEWS & OPINION: WSJ's Five Best Rolls On

Posted May 8, 2006, 7:44 PM with category of Management & Workplace Culture
I continue to enjoy the Five Best feature in the Weekend Edition of the Wall Street Journal. A few weeks ago, they talked to their resident columnist Jonathan Clements about personal investing titles. He recommends the following: Money Masters of Our Time by John Train (HarperCollins, 2000) Capital Ideas by Peter Bernstein (Free Press, 1991) Winning the Loser's Game by Charles Ellis (McGraw-Hill, 2002) The Four Pillars Of Investing by William Bernstein (McGraw-Hill, 2002) Fooled by Randomness by Nassim Nicholas Taleb (Thomson Texere, 2004) Read Clements' commentary on each of the books at the WSJ site. Read more


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About the Paperback

Publisher Texere Publishing
Publish date 03/12/2004
Pages 277
ISBN-13 9781587991844
ISBN-10 1587991845
Language English