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

Book Cover
Average Rating
Random House Publishing Group
Pub. Date:
Just as coincidence can be confused with causality, so the lucky idiot can be confused with the skilled investor. The realities of randomness and probability almost guarantee that, out of a large pool of random investors, a Warren Buffett will emerge just by luck. Taleb (the founder of Empirica L.L.
Also in This Series
More Like This
More Details
Staff View

Grouping Information

Grouped Work ID 8c04cbd8-4417-afa1-337a-441c98232d4e
Grouping Title fooled by randomness the hidden role of chance in life and in the markets
Grouping Author taleb nassim nicholas
Grouping Category book
Last Grouping Update 2019-05-22 04:46:06AM
Last Indexed 2019-05-22 04:52:10AM

Solr Details

accelerated_reader_point_value 0
accelerated_reader_reading_level 0
author Nassim Nicholas Taleb
author_display Nassim Nicholas Taleb
detailed_location_aacpl Online OverDrive Collection
display_description 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.
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 book 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 book 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.
Named by Fortune One of the Smartest Books of All Time
A Financial Times Best Business Book of the Year
format_aacpl eBook
format_category_aacpl eBook
id 8c04cbd8-4417-afa1-337a-441c98232d4e
isbn 9781588367679
item_details overdrive:8ad3ccd7-7df3-4e52-bdbc-382c87f0a8fc|-1|Online OverDrive Collection|Online OverDrive|eBook|eBook|1|false|true|OverDrive|||Adobe EPUB eBook,Kindle Book,OverDrive Read|Checked Out||||, overdrive:8ad3ccd7-7df3-4e52-bdbc-382c87f0a8fc|1|Online OverDrive Collection|Online OverDrive|eBook|eBook|1|false|true|OverDrive|||Adobe EPUB eBook,Kindle Book,OverDrive Read|Checked Out||||
last_indexed 2019-05-22T08:52:10.16Z
lexile_score -1
literary_form Non Fiction
literary_form_full Non Fiction
local_callnumber_aacpl Online OverDrive
local_time_since_added_aacpl Six Months, Year
owning_library_aacpl Anne Arundel County Public Library Online
owning_location_aacpl Online OverDrive Collection
primary_isbn 9781588367679
publishDate 2008
record_details overdrive:8ad3ccd7-7df3-4e52-bdbc-382c87f0a8fc|eBook|eBook||English|Random House Publishing Group|2008|
recordtype grouped_work
Bib IdItem IdGrouped StatusStatusLocally OwnedAvailableHoldableBookableIn Library Use OnlyLibrary OwnedHoldable PTypesBookable PTypesLocal Url
overdrive:8ad3ccd7-7df3-4e52-bdbc-382c87f0a8fc -1 Checked Out Checked Out false false true false false false
overdrive:8ad3ccd7-7df3-4e52-bdbc-382c87f0a8fc 1 Checked Out Checked Out false false true false false true
series Incerto
series_with_volume Incerto|
title_display Fooled by Randomness
title_full Fooled by Randomness The Hidden Role of Chance in Life and in the Markets
title_short Fooled by Randomness
title_sub The Hidden Role of Chance in Life and in the Markets
topic_facet Business, Finance, Nonfiction