Eslen DelanogareNeuroscientist · Researcher and science communicator
Recommended
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
Nassim Taleb · 2001 · 352 pages
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About the book
Nassim Taleb builds a provocative argument about how humans systematically underestimate the role of luck, chance, and rare events in their lives and in historical outcomes. Through stories, examples from financial markets, and philosophical reflections, the book exposes how our minds are predisposed to see patterns where there is mostly randomness, leading to flawed decisions.
Taleb argues that successful professionals often attribute their gains to skill when much luck was involved, while failure is blamed on circumstances. A humbling yet liberating read that shows how understanding the true nature of chance can improve our risk intelligence and our personal and financial choices.
Book details
| Author | Nassim Taleb |
|---|---|
| Original title | Fooled by Randomness |
| Year of publication | 2001 |
| Pages | 352 |
Recommended by 4 people
James ClearWriter and speaker · Atomic Habits
”[One of the] 10 books with the most wisdom per page.”
James AltucherEntrepreneur and writer · investor, podcaster
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Howard MarksInvestor and writer · Oaktree Capital Management
”It’s really about how much randomness there is in our world.”
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