Fooled by Randomness
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Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets

Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets


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About the Book

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.

About the Author :
NASSIM NICHOLAS TALEB has devoted his life to studying problems of luck, randomness, human error, probability, and the philosophy of knowledge. He has managed to transform his interests into three careers, as a man of letters, a financial trader, and a university professor. Although he spends most of his time as a flâneur, meditating in cafés across the planet, he is currently Distinguished Professor at New York University. His books have been published in thirty-six languages. He is widely recognized as the foremost thinker on probability and uncertainty. Taleb lives mostly in New York. Sean Pratt (AEA/SAG/AFTRA) has been a working professional actor in the theater, film, TV, and voice-overs for twenty-five years. He has been an audiobook narrator for seventeen years, has recorded over 700 books in almost every genre, and has received eight AudioFile magazine Earphones Awards and four Audie Award nominations from the Audio Publishers Association. For the last ten years, Sean has been helping actors, both students and professionals, to understand the complexities of the BIZ as well as reinvigorate and refocus their careers through his easy-to-understand, dynamic concepts. Lloyd James has been narrating since 1996 and has recorded over six hundred books. He is an AudioFile Earphones Award winner and has been a finalist for the prestigious Audie Award. His critically acclaimed performances include Elvis in the Morning by William F. Buckley Jr. and Searching for Bobby Fischer by Fred Waitzkin.

Review :
"[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 author of Outliers" "Taleb tells interesting, well-wrought stories about individual behavior...serious investors and mathematics enthusiasts will be intrigued." -- "Publishers Weekly" "Taleb's book is mathematically sound as well as entertaining and informative for the general public, which is quite an achievement." -- "Donald Geman, professor, Johns Hopkins University" "We need a book like this...fun to read, refreshingly independent-minded." -- "Robert J. Schiller, author of Irrational Exuberance"


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Product Details
  • ISBN-13: 9798200566310
  • Publisher: Gildan Media Corporation
  • Publisher Imprint: Gildan Media Corporation
  • Language: English
  • Sub Title: The Hidden Role of Chance in Life and in the Markets
  • ISBN-10: 8200566315
  • Publisher Date: 04 Jan 2008
  • Binding: CD-Audio
  • Returnable: N


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