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

Taleb, Nassim Nicholas

Hardcover

ISBN 10: 1587990717 ISBN 13: 9781587990717

Publisher: Texere Publishing, 2001

Synopsis

This is a book about luck. More specifically, it is a book about how we perceive luck, twist it around and regard it as intention or purpose. What better setting than the world of trading to invesdtigate the subject? How often has the brilliant trader, who seems to the outside world to have been granted the gift of second sight in the implementation of his strategies, been suddenly wiped out by an unexpected shift in the markets? The book may have its roots firmly in the financial arena, but it also incorporates and explains the effects and repercussions of randomness in many varied fields - ranging from philosophy to literature and science - to create an insight into how randomness cannot be conquered, but can be embraced.

About this title

Review:

... it is important to remember, as Taleb shows in his charming and colorful book, that randomness can fool us... -- Wilson Quarterly

...A wise and readable guide to clearer thinking, drawing on insights from thinkers ranging from George Soros to Yogi Berra. -- Futurist, May/June 2002

...brilliant and entertaining... -- Buffalo Spree, January 2002

...explores why so many of us seem to underestimate the role of chance in creating the world's greatest success stories... -- Business a.m., November 8, 2001

...he’ll stretch your mind, make you smile and give your skepticism a healthy boost. -- SmartMoney, October 2002

A rare intellectual treat for the Christmas break. -- Director, December 2001

Antidote to the hundreds of titles that will be published this year promising unbeatable strategies for reaping rich rewards from the stock markets.... -- Sunday Times, 06 January, 2002

Fascinating. Stick with it: Taleb will grab you... -- Peter L. Bernstein, author of Against the Gods: The Remarkable Story of Risk

Fooled by Randomness is a fascinating read and, unusual in a book about such complex topics, an entertaining read as well. -- radicalacademy.com, 25 November, 2002

It is fun to read, refreshingly independently-minded and at the same time playful. -- Robert J. Shiller, author of Irrational Exuberance

About the Author:

Nassim Nicholas Taleb is the founder of Empirica Capital LLC, and Fellow of the Courant Institute of Mathematical Sciences of New York University. He was inducted into the Derivatives Strategy Hall of Fame in 2001. He lives in New York.

About this edition

• Publisher: Texere Publishing
• Publication date: 2001
• ISBN 10: 1587990717
• ISBN 13: 9781587990717
• Binding: Hardcover
• Number of pages: 204