From the author of international bestseller "The Black Swan", Nassim Nicholas Taleb's "Fooled by Randomness" is the bestselling account of the hidden role of chance in life and the markets. Everyone wants to succeed in life. But what causes some of us to be more successful than others? Is it really down to skill and strategy - or something ...
From the author of international bestseller "The Black Swan", Nassim Nicholas Taleb's "Fooled by Randomness" is the bestselling account of the hidden role of chance in life and the markets. Everyone wants to succeed in life. But what causes some of us to be more successful than others? Is it really down to skill and strategy - or something altogether more unpredictable? This book is the word-of-mouth sensation that will change the way you think about business and the world. It is all about luck: more precisely, how we perceive luck in our personal and professional experiences. Nowhere is this more obvious than in the markets - we hear an entrepreneur has 'vision' or a trader is 'talented', but all too often their performance is down to chance rather than skill. It is only because we fail to understand probability that we continue to believe events are non-random, finding reasons where none exist. A "Financial Times" book of the year, this irreverent bestseller has shattered the illusions of people around the world by teaching them how to recognize randomness. Now it can do the same for you. "One of the smartest books of all time". ("Fortune"). "An iconoclastic tour de force ...nothing escapes his Exocets". ("Evening Standard"). "Brilliant". (John Kay). "Excellent and thought-provoking ...an entertaining book". ("Financial Times"). "Wall Street's principal dissident". (Malcolm Gladwell). Nassim Nicholas Taleb (b.1960) has devoted his life to immersing himself in probelmce s of luck, uncertainty , probability and knowledge. His books "The Black Swan" and "Fooled by Randomness" have been published in thirty-one languages and "Fooled by Randomness" was selected by "Fortune" magazine as one of 'The Smartest Books of All Time'.
Great book if you have the intellectual fortitude and self-honesty to withstand Taleb's unflinching (and downright scathing at times) look at how people see causality and order when the driving force is often just chance. It's a critical ride through history, epistemology, human behavior, probability, and the many lopsided bets that people unknowingly make. For some (perhaps many), Taleb's writing style can come off as intellectually pompous and disdainful. But if this bothers you, ignore the messenger and think long and hard about the message.
Publishers Weekly, 2001-09-10 In this look at financial luck, hedge fund manager Taleb (Dynamic Hedging) addresses the apparently irrational movement of money markets around the world. Using his own investing experience and examples of others' successes and disappointments, he discusses theories like Monte Carlo math (easy; considered cheating by purists) and the concept of Russian roulette. Taleb tells interesting, well-wrought stories about individual behavior: "While Nero has succeeded beyond his wildest dreams, both personally and intellectually, he is starting to consider himself as having missed a chance somewhere." While serious investors and mathematics enthusiasts will be intrigued, readers looking for practical investment strategies will be disappointed by this rambling intellectual discourse. Tables. 40,000-copy first printing; $150,000 marketing budget. (Oct. 30) (c) Copyright PWxyz, LLC. All rights reserved
Alibris, the Alibris logo, and Alibris.com are registered trademarks of Alibris, Inc.
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited, Baker & Taylor, Inc., or by their respective licensors, or by the publishers, or by their respective licensors. For personal use only. All rights reserved. All rights in images of books or other publications are reserved by the original copyright holders.