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Binding: PaperbackDewey Decimal Number: 123.3 EAN: 9780812975215 Edition: 2 Updated ISBN: 0812975219 Label: Random House Trade Paperbacks Manufacturer: Random House Trade Paperbacks Number Of Items: 1 Number Of Pages: 368 Publication Date: August 23, 2005 Publisher: Random House Trade Paperbacks Release Date: August 23, 2005 Studio: Random House Trade Paperbacks Related Items:
Browse for similar items by category: Click to Display Editorial Review: Amazon.com Review: If the prescriptions for getting rich that are outlined in books such as The Millionaire Next Door and Rich Dad Poor Dad are successful enough to make the books bestsellers, then one must ask, Why aren't there more millionaires? In Fooled by Randomness, Nassim Nicholas Taleb, a professional trader and mathematics professor, examines what randomness means in business and in life and why human beings are so prone to mistake dumb luck for consummate skill. This eccentric and highly personal exploration of the nature of randomness meanders from the court of Croesus and trading rooms in New York and London to Russian roulette, Monte Carlo engines, and the philosophy of Karl Popper. Part of what makes this book so good is Taleb's ability to make seemingly arcane mathematical concepts (at least to this reviewer) entirely relevant in evaluating and understanding everything from the stock market to the success of those millionaires cited in the aforementioned bestsellers. Here's an articulate, wise, and humorous meditation on the nature of success and failure that anyone who wants a little more of the former would do well to consider. Highly recommended. --Harry C. Edwards Product Description: “[Taleb is] Wall Street’s principal dissident. . . . [Fooled By Randomness] is to conventional Wall Street wisdom approximately what Martin Luther’s ninety-nine theses were to the Catholic Church.” –Malcolm Gladwell, The New Yorker Finally in paperback, the word-of-mouth sensation that will change the way you think about the markets and the world.This book is about luck: more precisely how we perceive luck in our personal and professional experiences. Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill–the world of business–Fooled by Randomness is an irreverent, iconoclastic, eye-opening, and endlessly entertaining exploration of one of the least understood forces in all of our lives. Average Rating:
 Rating: - This book will cause you to think!A great book. Read this, then follow up with the BLACK SWAN. I am more inclined to recommend this book for people who are self employed or investors. [.............] Rating:  - Does not deliverThe book sounds like it will give you some insight into the markets or the ramdomness of it. It builds on that expectation but does not deliver it slowly turns into a boring mumbuling of anecdotes. I did not finish the book and left it half way. Rating: - Good ideas, weak styleInteresting. Annoying. Self-referential. Insulting. Exasperating. Ultimately, intriguing. Taleb is smart, but an autodidact and quite full of himself. (After he lobs his tenth purely gratuitous insult, he is no longer cute -- he is merely sociopathic.) He gets a lot right, but he also plays fast and loose with schools of thought in which his understanding is strictly superficial. (And as with many autodidacts, he has trouble identifying which areas these might be -- making humility the mark of ... Read More Rating:  - Book for our timesThis book is great and should be a compulsory reading for everyone at college. Lots of people do not realize how much chances and coincidences play roles in our lives. This book is about learning to appreciate the vast number of variables in common life which are not controlled by anyone. Rating: - Fooled by ProbabilitiesThe ideas in this book have created more controversy than they deserve, and it might have something to do with the title of the book. Given the number of people who equate "random" with "equiprobable", "Fooled by Probabilities" would have been a more appropriate title for the book, though not as provocative as "Fooled by Randomness". There is a finite chance that there is a black cat in every dark room, but when you switch the light on, there is no black cat in the room. Both are correct statements ... Read More 
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