Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets @ richardeward.com

Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
by Nassim Nicholas Taleb
from Random House

Customer Reviews:

• Avg. Customer Rating: 4.0 / 5.0

• Superb
  Nutshell review - This is an excellent book - well written, insightful, full of lessons for investing (and life) and eye-opening! Certainly if you are an investor, but also if you just want to understand just how large a role randomness plays in your life, then you need to read this book. Entertaining and informative at the same time.
  Two other excellent books in the same genre are The Drunkard's Walk: How Randomness Rules Our Lives by Leonard Mlodinow and, of course, Taleb's later book The Black Swan... more info

• Fooled by luckiness
  The author is a trader and writes about trading. The book, however, is not at all a mere how-to book on investing but deals with much broader topics on life in general. You may not learn anything new if you are familiar with probability and statistics; however, the author eloquently illuminates those "random" elements in society in various interesting perspectives, including history, science, philosophy, mathematics, psychology, and so on. The author's illustrious reading habit made this a very... more info

• So many lessons taken from this
  I loved the rant and I loved the stories. While sometimes a little bit hard to stay in the flow of it, I think I learned as much of value from this book than anything I read in school. Really drove home some key value lessons about finance and way beyond.
  Better lucky than good though best to be both!

• Outstanding - An Unputdownable Read
  This (and its sister book 'The Black Swan) completely blew me away. I am a 24 year old finance major, now working as a management consultant, with a real interest in markets and psychology.
  The central thesis of the books are tantalisingly simple: the world is so functionally complex (and growing ever more so) that most social phenomena are effectively `random'. Randomness, however, is poorly understood and even more poorly explained by orthodox mathematical modelling which systematically... more info

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