Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets

Nassim Nicholas Taleb

May 2007 · Penguin UK

About this ebook

'One of the smartest books of all time' Fortune
'The hottest thinker in the world' Sunday Times

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 bestselling 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.

'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

Ratings and reviews

What we take for granted a the steps for success may not be after all right, fooled by randomness will open you eyes to the role of chance in survivor ship or succes.

And how human behaviour aren't properly factors in simplistic construction of reality ESP where behaviour and other underlying factors are not well understood...

GUARANTEED UNCERTAINTY LAW -POWER OF 👨‍🔬WARREN BUFFETT ECONOMIST ATHEIST❤🎉

About the author

Nassim Nicholas Taleb is an uncompromizing no-nonsense thinker for our times. He has spent his life immersing himself in problems of luck, uncertainty, probability, and knowledge, and he has led three high-profile careers around his ideas, as a man of letters, as a businessman-trader, and as a university professor and researcher. He is currently Distinguished Professor of Risk Engineering at New York University's School of Engineering. He is the author of the 4-volume INCERTO (Antifragile, The Black Swan, Fooled by Randomness, and The Bed of Procrustes). Taleb refuses all awards and honours as they debase knowledge by turning it into competitive sports.