Fooled by Randomness
Fooled by Randomness is a cornerstone for anyone interested in random outcomes. It deals with the fallibility of human knowledge. This is a book about luck, or more precisely, how humans 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 is a captivating insight into one of the least understood factors of our lives. In an entertaining narrative style, this classic will help readers be prepared against the vagaries of the Goddess Fortuna.
“[Fooled by Randomness] is to conventional Wall Street wisdom approximately what Martin Luther’s ninety-five theses were to the Catholic Church.”
— Malcolm Gladwell, author of Blink
“The book that rolled down Wall Street like a hand grenade.”
— Maggie Mahar, author of Bull! A History of the Boom, 1982—1999
“Fascinating . . . Taleb will grab you.”
— Peter L. Bernstein, author of Capital Ideas Evolving
“Recalls the best of scientist/essayists like Richard Dawkins . . . and Stephen Jay Gould.”
— Michael Schrage, author of Serious Play: How the World’s Best Companies Simulate to Innovate
“We need a book like this. . . . Fun to read, refreshingly independent-minded.”
— Robert J. Shiller, author of Irrational Exuberance
“Powerful . . . loaded with crackling little insights [and] extreme brilliance.”
— National Review