Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets audiobook cover art
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets Audiobook
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Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets Audiobook

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by Nassim Nicholas Taleb

  • Narrated by: Joe Ochman
  • Length: 8 hrs and 57 mins
  • Release date: 01-08-19
  • Language: English

Description

Fooled by Randomness is a stand-alone 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 best-selling author of The Black Swan – has penned 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. Presented 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 listening to Fooled by Randomness, we can be a little better prepared.

Includes bonus pdf of tables and figures.

Praise for Fooled by Randomness:

Named by Fortune One of the Smartest Books of All Time

A Financial Times Best Business Book of the Year

PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your raksBooks Library along with the audio.

Additional information

Author

Nassim Nicholas Taleb

Narrated by

Joe Ochman

Length

8 hrs and 57 mins

Release date

01-08-19

Language

English

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