Fooled by Randomness cover art

Fooled by Randomness

The Hidden Role of Chance in Life and in the Markets

Preview

Listen with Audible free trial

Free with 30-day trial
Prime logo New to Audible Prime Member exclusive:
2 credits with free trial
1 credit a month to use on any title to download and keep
Listen to anything from the Plus Catalogue—thousands of Audible Originals, podcasts and audiobooks
Download titles to your library and listen offline
₹199.00 per month after 30-day trial. Cancel anytime.

Fooled by Randomness

Written by: Nassim Nicholas Taleb
Narrated by: Sean Pratt
Free with 30-day trial

₹199.00 per month after 30-day trial. Cancel anytime.

Buy Now for ₹667.71

Buy Now for ₹667.71

This audiobook is about luck, or more precisely, how we perceive and deal with luck in life and business. It is already a landmark work and its title has entered our vocabulary. In its second edition, Fooled by Randomness is now a cornerstone for anyone interested in random outcomes.

Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill, the world of trading, this audiobook is a captivating insight into one of the least understood factors of all our lives. In an entertaining narrative style, the author succeeds in tackling three major intellectual issues: the problem of induction, the survivorship biases, and our genetic unfitness to the modern word. Taleb uses stories and anecdotes to illustrate our overestimation of causality and the heuristics that make us view the world as far more explainable than it actually is.

The audiobook is populated with an array of characters, some of whom have grasped, in their own way, the significance of chance: Yogi Berra, the baseball legend; Karl Popper, the philosopher of knowledge; Solon, the ancient world's wisest man; the modern financier George Soros; and the Greek voyager Ulysses. We also meet the fictional Nero, who seems to understand the role of randomness in his professional life, but who also falls victim to his own superstitious foolishness.

But the most recognizable character remains unnamed, the lucky fool in the right place at the right time - the embodiment of 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 through chance.

It may be impossible to guard against the vagaries of the Goddess Fortuna, but after listening to Fooled by Randomness we can be a little better prepared.

©2004 Nassim Nicholas Taleb; (P)2008 Gildan Media Corp
Investing & Trading Philosophy
adbl_web_anon_alc_button_suppression_t1

Critic Reviews

"[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)
"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." (Amazon.com)
All stars
Most relevant
its like a different view point to most of the self help books. How randomness can be misinterpreted as success. I would have expected a little more on how probability can be used to our advantage.

New perspective on randomness

Something went wrong. Please try again in a few minutes.

There is absolutely no doubt in craziness and the insights of the content of this book by Taleb. He explains how knowingly or unknowingly randomness play important role in our life.

Equally joyful is the way in which book is read. For rest, explore yourself.

Deterministically enjoyable

Something went wrong. Please try again in a few minutes.

It is more of a spiritual dose rather than a scientific or a mathematical models of probability and randomness. A much needed work for current information age.!!!

A completely radical perception of Life itself.

Something went wrong. Please try again in a few minutes.

Excellent story teller

I agree with the author in various levels when he slices layers and layers of bias, which is really intriguing and enlightening.

But I for one still believe in mind moving mountains and pure randomness. Thus I disagree with him on most part of the book.

Kodus to conclusions though. I found myself concurring with him.

Definitely a must read.

Pessimistic but none the less enlightening.

Something went wrong. Please try again in a few minutes.

pathfinder for the newcomers in the market. a great book to listen and keep in the memory.

pathfinder

Something went wrong. Please try again in a few minutes.

See more reviews