Category: Law, Business & Economics / Economics & Finance
Publisher: Penguin Books Ltd
Publication date: 3 May 2007
Number of pages: 368
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'.
What the papers say:
erivativesreview.com, September 28, 2001 The book struck a distinct chord as the author seemed to have various wonderful and illuminating insights with which I could readily identify. Robert J. Shiller, author of Irrational Exuberance It is fun to read, refreshingly independently-minded and at the same time playful. Peter L. Bernstein, author of Against the Gods: The Remarkable Story of Risk Fascinating. Stick with it: Taleb will grab you... Scotland on Sunday, October 7, 2001 Taleb offers a candid assessment of the stock market in which he himself is a trader.
Nassim Nicholas Taleb spends most of his time as a flaneur, meditating in cafes across the planet. A former trader, he is currently Distinguished Professor of Risk Engineering at New York University. His books Fooled by Randomness and The Black Swan have been published in thirty-one languages.
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