06.20.08

Fooled by Randomness

Posted in Behavior, Book at 6:44 am by justakim

It took me a while, but I finally finished this book by Nassim Taleb.

It’s a decent book about how randomness is misinterpreted and how that leads to false assumptions in the market that can ruin you. Just because the market’s been going up for the last 20 years doesn’t mean it’ll always go up.

He gets into a few non-market examples as well, like the OJ Simpson trial, and some history about behavioral economics.

However, the main reason why it took me so long to finish the book is that he is extremely arrogant and spends an incredible amount of time insulting everyone including the reader. Yes yes we bought your book sir. Hope you didn’t intend on a second round of this game.

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