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Fooled by Randomness

The Hidden Role of Chance in Life and in the Markets

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Fooled by Randomness

By: Nassim Nicholas Taleb
Narrated by: Sean Pratt
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About this listen

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.

©2004 Nassim Nicholas Taleb (P)2008 Gildan Media Corp
Investing & Trading Mathematics Personal Finance Philosophy Investing Business Mythology

Critic Reviews

"[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, The New Yorker)
"An articulate, wise, and humorous meditation on the nature of success and failure that anyone who wants a little more of the former would do well to consider." (Amazon.com)

What listeners say about Fooled by Randomness

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Amazing insights on markets, economy and humans

Incredibly insightful and powerful commentary - a must for business and ordinary people. This will challenge your thinking and push you to re-evaluate your biases.

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Very technical

Enjoyed the concepts outlined throughout the book but a very technical listen. You’ll have to concentrate.

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Still good

Good information on the way of the world. Hard to follow at times and does need to be re-listened too several times to grasp the ideas. Overall good

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A most interesting book

Whoever is liking Marco Aurelio, Seneca or Montaigne should read books from N Taleb. In fact, anyone who likes literature will certainly enjoy reading this and other titles from the author. Lovers of fictions written by J Borges, R Roussel or G Perec will also find the themes developed in Taleb’s book most entertaining. Most readers of R Dobelli will probably not be able to appreciate fully N Taleb’s developments, but mistakes are proof that they are trying…

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best audio book i use for motivation !

I perhaps admire taleb a bit more than others. i like his honesty , polymath view of world , mainly from philosophy maths .. a joy to listen over and over again

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Great book

Any additional comments?

Some great advice's.
The narrator was easy to listen to; personally i found that it was better on 1.25x speed.

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Thought provoking and vivid

This is a thought provoking, philosophical book about probability, behavioural bias and finance. The voice actor is also excellent, I listened on 1.3 speed and it was perfect.

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One of the best books I have ever read!

Beautifully written book with Taleb's eccentric writing style. love the fact he didn't change his style even after receiving different opinion from editors.

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Prakash mallick review

Nnt is one best writers in history. Probably a Lot of people don’t like it and criticise him but it is what it is! The truth.

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Arrogance & Interest

The supreme arrogance of NNT in this audiobook is nauseating but the content is very interesting.

The recording is great quality but the chapter breakdown is poor (long silences).

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4 people found this helpful

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