Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
Written by Nassim Nicholas Taleb
Narrated by Joe Ochman
4.5/5
()
Currently unavailable
Currently unavailable
About this audiobook
Fooled by Randomness is a standalone book in Nassim Nicholas Taleb's landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we don't understand. The other books in the series are The Black Swan, Antifragile, Skin in the Game, and The Bed of Procrustes.
Now in a striking new edition, Fooled by Randomness is the word-of-mouth sensation that will change the way you think about business and the world. Nassim Nicholas Taleb-veteran trader, renowned risk expert, polymathic scholar, erudite raconteur, and New York Times bestselling author of The Black Swan—has written a modern classic that turns on its head what we believe about luck and skill.
This audiobook is about luck—or more precisely, about how we perceive and deal with luck in life and business. Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill—the world of trading—Fooled by Randomness provides captivating insight into one of the least understood factors in all our lives. Writing in an entertaining narrative style, the author tackles major intellectual issues related to the underestimation of the influence of happenstance on our lives.
The audiobook is populated with an array of characters, some of whom have grasped, in their own way, the significance of chance: the baseball legend Yogi Berra; the philosopher of knowledge Karl Popper; the ancient world's wisest man, Solon; the modern financier George Soros; and the Greek voyager Odysseus. We also meet the fictional Nero, who seems to understand the role of randomness in his professional life but falls victim to his own superstitious foolishness.
However, the most recognizable character of all remains unnamed—the lucky fool who happens to be in the right place at the right time—he embodies the "survival of the least fit." Such individuals attract devoted followers who believe in their guru's insights and methods. But no one can replicate what is obtained by chance.
Are we capable of distinguishing the fortunate charlatan from the genuine visionary? Must we always try to uncover nonexistent messages in random events? It may be impossible to guard ourselves against the vagaries of the goddess Fortuna, but after reading Fooled by Randomness we can be a little better prepared.
Related to Fooled by Randomness
Related audiobooks
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets Rating: 4 out of 5 stars4/5This Will Make You Smarter: New Scientific Concepts to Improve Your Thinking Rating: 4 out of 5 stars4/5SUMMARY - Superforecasting: The Art And Science Of Prediction By Philip E. Tetlock And Dan Gardner Rating: 0 out of 5 stars0 ratingsMichael Lewis: Flash Boys Rating: 4 out of 5 stars4/5Nudge: Improving Decisions About Health, Wealth, and Happiness Rating: 4 out of 5 stars4/5The Number That Killed Us: A Story of Modern Banking, Flawed Mathematics, and a Big Financial Crisis Rating: 0 out of 5 stars0 ratingsStories from Paolino's Tapes: Private Recordings 1984-1993 Rating: 5 out of 5 stars5/5Think for Yourself: Restoring Common Sense in an Age of Experts and Artificial Intelligence Rating: 5 out of 5 stars5/5Head in the Cloud: Why Knowing Things Still Matters When Facts Are So Easy to Look Up Rating: 4 out of 5 stars4/5Machinery of the Mind (An Interview) Rating: 5 out of 5 stars5/5The Hot Hand: The Mystery and Science of Streaks Rating: 4 out of 5 stars4/5How Do You Fight a Horse-Sized Duck?: Secrets to Succeeding at Interview Mind Games and Getting the Job You Want Rating: 0 out of 5 stars0 ratingsBig Business: A Love Letter to an American Anti-Hero Rating: 4 out of 5 stars4/5Lecturing Birds on Flying: Can Mathematical Theories Destroy the Financial Markets Rating: 3 out of 5 stars3/5Risk Dollarisation® Rating: 0 out of 5 stars0 ratingsStandard Deviations: Flawed Assumptions, Tortured Data, and Other Ways to Lie with Statistics Rating: 4 out of 5 stars4/5Seven Bad Ideas: How Mainstream Economists Have Damaged America and the World Rating: 4 out of 5 stars4/5The Polymath: A Cultural History from Leonardo da Vinci to Susan Sontag Rating: 4 out of 5 stars4/5The Power of Nothing to Lose: The Hail Mary Effect in Politics, War, and Business Rating: 4 out of 5 stars4/5The Drunkard's Walk: How Randomness Rules Our Lives Rating: 4 out of 5 stars4/5Risk Savvy: How to Make Good Decisions Rating: 5 out of 5 stars5/5Journey to the Edge of Reason: The Life of Kurt Gödel Rating: 4 out of 5 stars4/5Think Twice: Harnessing the Power of Counterintuition Rating: 4 out of 5 stars4/5The Genius Checklist: Nine Paradoxical Tips on How You Can Become a Creative Genius Rating: 4 out of 5 stars4/5The Conscience Economy: How a Mass Movement for Good Is Great for Business Rating: 4 out of 5 stars4/5Growth: From Microorganisms to Megacities Rating: 4 out of 5 stars4/5The Ostrich Paradox: Why We Underprepare for Disasters Rating: 4 out of 5 stars4/5The Darwin Economy: Liberty, Competition, and the Common Good Rating: 4 out of 5 stars4/5Does a basic guaranteed income decrease the need for social services? Rating: 0 out of 5 stars0 ratings
Finance & Money Management For You
Financial Feminist: Overcome the Patriarchy’s Bullsh*t to Master Your Money and Build a Life You Love Rating: 5 out of 5 stars5/5Rich Dad Poor Dad: What The Rich Teach Their Kids About Money - That the Poor and Middle Class Do Not! Rating: 5 out of 5 stars5/5Ikigai: The Japanese Secret to a Long and Happy Life Rating: 4 out of 5 stars4/5The Great Money Reset: Change Your Work, Change Your Wealth, Change Your Life Rating: 5 out of 5 stars5/5The Intelligent Investor Rev Ed. Rating: 5 out of 5 stars5/5The End of the World is Just the Beginning: Mapping the Collapse of Globalization Rating: 5 out of 5 stars5/5The TenX Rule: The Only Difference Between Success and Failure Rating: 5 out of 5 stars5/5The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns Rating: 4 out of 5 stars4/5Stop Acting Rich: ...And Start Living Like a Real Millionaire Rating: 4 out of 5 stars4/5I Will Teach You to Be Rich: No Guilt. No Excuses. No B.S. Just a 6-Week Program That Works (Second Edition) Rating: 4 out of 5 stars4/5The Intelligent Investor Rating: 4 out of 5 stars4/5A Healthy State of Panic: Follow Your Fears to Build Wealth, Crush Your Career, and Win at Life Rating: 4 out of 5 stars4/5Financial Intelligence: How to To Be Smart with Your Money and Your Life Rating: 4 out of 5 stars4/5Fluke: Chance, Chaos, and Why Everything We Do Matters Rating: 4 out of 5 stars4/5The Almanack of Naval Ravikant Rating: 5 out of 5 stars5/5The Perennials: The Megatrends Creating a Postgenerational Society Rating: 4 out of 5 stars4/5Dollars and Sense: How We Misthink Money and How to Spend Smarter Rating: 4 out of 5 stars4/5The Latte Factor: Why You Don't Have to be Rich to Live Rich Rating: 4 out of 5 stars4/5AI Superpowers: China, Silicon Valley, and the New World Order Rating: 4 out of 5 stars4/5These are the Plunderers: How Private Equity Runs—and Wrecks—America Rating: 5 out of 5 stars5/5Nudge (Revised Edition): Improving Decisions About Health, Wealth, and Happiness Rating: 4 out of 5 stars4/5What It Takes: Lessons in the Pursuit of Excellence Rating: 5 out of 5 stars5/5The Legacy Journey: A Radical View of Biblical Wealth and Generosity Rating: 5 out of 5 stars5/5Fool Me Once: Scams, Stories, and Secrets from the Trillion-Dollar Fraud Industry Rating: 4 out of 5 stars4/5The Myth of Capitalism: Monopolies and the Death of Competition Rating: 4 out of 5 stars4/5Financial Intelligence: The Ultimate Beginner's Guide to Understanding Your Numbers Rating: 4 out of 5 stars4/5
Reviews for Fooled by Randomness
76 ratings3 reviews
- Rating: 5 out of 5 stars5/5The best book I've ever read on probability, tail risk, life, and critical thinking!
- Rating: 5 out of 5 stars5/5I just got smarter, you can do it too ??
- Rating: 5 out of 5 stars5/5A must for all those who venture in financial market and life.