Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets |
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 | Fooled by Randomness is based on a basic truth about humans: we are not very good at statistics, especially if we simply rely on our instincts. For example, we fear airplanes, sharks and terrorists, yet we rarely think about mundane risks like cancer and car accidents. Similarly, we are not good at judging investments. We think that the broker who picked three winners in a row must know something; not necessarily so, says Taleb.
This book is well worth reading, especially if you ever invest ... read more.
Written by Nassim Nicholas Taleb. Published 01 December 2005. rrp £14.95. Published by Random House USA Inc.Paperback. | |
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