Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
Written by Nassim Nicholas Taleb
Narrated by Joe Ochman
4.5/5
()
Currently unavailable
Currently unavailable
About this audiobook
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.
Now in a striking new edition, 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 audiobook 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 audiobook 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.
Related to Fooled by Randomness
Related audiobooks
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets Rating: 4 out of 5 stars4/5The Improbability Principle: Why Coincidences, Miracles, and Rare Events Happen Every Day Rating: 5 out of 5 stars5/5The Hot Hand: The Mystery and Science of Streaks Rating: 4 out of 5 stars4/5Head in the Cloud: Why Knowing Things Still Matters When Facts Are So Easy to Look Up Rating: 4 out of 5 stars4/5Risk Savvy: How to Make Good Decisions Rating: 5 out of 5 stars5/5Think for Yourself: Restoring Common Sense in an Age of Experts and Artificial Intelligence Rating: 5 out of 5 stars5/5A Numerate Life: A Mathematician Explores the Vagaries of Life, His Own and Probably Yours Rating: 4 out of 5 stars4/5The Number That Killed Us: A Story of Modern Banking, Flawed Mathematics, and a Big Financial Crisis Rating: 0 out of 5 stars0 ratingsStories from Paolino's Tapes: Private Recordings 1984-1993 Rating: 5 out of 5 stars5/5Nudge: Improving Decisions About Health, Wealth, and Happiness Rating: 4 out of 5 stars4/5Machinery of the Mind (An Interview) Rating: 5 out of 5 stars5/5What the Luck?: The Surprising Role of Chance in Our Everyday Lives Rating: 4 out of 5 stars4/5The Drunkard's Walk: How Randomness Rules Our Lives Rating: 4 out of 5 stars4/5Future Babble: Why Expert Predictions Fail - and Why We Believe Them Anyway Rating: 4 out of 5 stars4/5Lecturing Birds on Flying: Can Mathematical Theories Destroy the Financial Markets Rating: 3 out of 5 stars3/5The Upside of Turbulence Rating: 4 out of 5 stars4/5Thinking: The New Science of Decision-Making, Problem-Solving, and Prediction Rating: 4 out of 5 stars4/5The Conscience Economy: How a Mass Movement for Good Is Great for Business Rating: 4 out of 5 stars4/5The Knowledge Machine: How Irrationality Created Modern Science Rating: 4 out of 5 stars4/5The Tradeshow Chronicles: Everything you need to succeed at exhibitions in a unique novel Rating: 0 out of 5 stars0 ratingsBetter, Not Perfect: A Realist's Guide to Maximum Sustainable Goodness Rating: 5 out of 5 stars5/5Think Twice: Harnessing the Power of Counterintuition Rating: 4 out of 5 stars4/5Left Brain, Right Stuff: How Leaders Make Winning Decisions Rating: 4 out of 5 stars4/5Counting: How We Use Numbers to Decide What Matters Rating: 5 out of 5 stars5/5Work in the Future: The Automation Revolution Rating: 5 out of 5 stars5/5Standard Deviations: Flawed Assumptions, Tortured Data, and Other Ways to Lie with Statistics Rating: 4 out of 5 stars4/5How Do You Fight a Horse-Sized Duck?: Secrets to Succeeding at Interview Mind Games and Getting the Job You Want Rating: 0 out of 5 stars0 ratingsThe Genius Checklist: Nine Paradoxical Tips on How You Can Become a Creative Genius Rating: 4 out of 5 stars4/5
Finance & Money Management For You
The End of the World is Just the Beginning: Mapping the Collapse of Globalization Rating: 5 out of 5 stars5/5Rich Dad Poor Dad: What The Rich Teach Their Kids About Money - That the Poor and Middle Class Do Not! Rating: 5 out of 5 stars5/5A Healthy State of Panic: Follow Your Fears to Build Wealth, Crush Your Career, and Win at Life Rating: 4 out of 5 stars4/5Stop Acting Rich: ...And Start Living Like a Real Millionaire Rating: 4 out of 5 stars4/5The Intelligent Investor Rating: 4 out of 5 stars4/5Fluke: Chance, Chaos, and Why Everything We Do Matters Rating: 4 out of 5 stars4/5Financial Feminist: Overcome the Patriarchy’s Bullsh*t to Master Your Money and Build a Life You Love Rating: 5 out of 5 stars5/5The TenX Rule: The Only Difference Between Success and Failure Rating: 5 out of 5 stars5/5The Intelligent Investor Rev Ed. Rating: 5 out of 5 stars5/5I Will Teach You to Be Rich: No Guilt. No Excuses. No B.S. Just a 6-Week Program That Works (Second Edition) Rating: 4 out of 5 stars4/5The Great Money Reset: Change Your Work, Change Your Wealth, Change Your Life Rating: 5 out of 5 stars5/5The Little Book of Common Sense Investing: The Only Way to Guarantee Your Fair Share of Stock Market Returns Rating: 4 out of 5 stars4/5Ikigai: The Japanese Secret to a Long and Happy Life Rating: 4 out of 5 stars4/5The Almanack of Naval Ravikant Rating: 5 out of 5 stars5/5The Perennials: The Megatrends Creating a Postgenerational Society Rating: 4 out of 5 stars4/5Financial Intelligence: How to To Be Smart with Your Money and Your Life Rating: 4 out of 5 stars4/5Dollars and Sense: How We Misthink Money and How to Spend Smarter Rating: 4 out of 5 stars4/5The Latte Factor: Why You Don't Have to be Rich to Live Rich Rating: 4 out of 5 stars4/5Smart Couples Finish Rich: Nine Steps to Creating a Rich Future For You and Your Partner Rating: 4 out of 5 stars4/5Nudge (Revised Edition): Improving Decisions About Health, Wealth, and Happiness Rating: 4 out of 5 stars4/5These are the Plunderers: How Private Equity Runs—and Wrecks—America Rating: 5 out of 5 stars5/5The 10 Pillars of Wealth: Mind-Sets of the World's Richest People Rating: 5 out of 5 stars5/5The Wolf of Investing: My Insider's Playbook for Making a Fortune on Wall Street Rating: 4 out of 5 stars4/5Fool Me Once: Scams, Stories, and Secrets from the Trillion-Dollar Fraud Industry Rating: 4 out of 5 stars4/5The Legacy Journey: A Radical View of Biblical Wealth and Generosity Rating: 5 out of 5 stars5/5Wealth Made Easy: Millionaires and Billionaires Help You Crack the Code to Getting Rich Rating: 4 out of 5 stars4/5What We Owe Each Other: A New Social Contract for a Better Society Rating: 4 out of 5 stars4/5
Reviews for Fooled by Randomness
76 ratings3 reviews
- Rating: 5 out of 5 stars5/5The best book I've ever read on probability, tail risk, life, and critical thinking!
- Rating: 5 out of 5 stars5/5I just got smarter, you can do it too ??
- Rating: 5 out of 5 stars5/5A must for all those who venture in financial market and life.