Fooled by Randomness by Nassim Nicholas Taleb audiobook

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

By Nassim Nicholas Taleb
Read by Lloyd James

Gildan Media 9781596591844
10.00 Hours 1
Format : CD (In Stock)
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    ISBN: 9798200566327

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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.

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Summary

Summary

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.

Editorial Reviews

Editorial Reviews

“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
“[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
“We need a book like this…fun to read, refreshingly independent-minded.” Robert J. Schiller, author of Irrational Exuberance

Reviews

Reviews

Author

Author Bio: Nassim Nicholas Taleb

Author Bio: Nassim Nicholas Taleb

Nassim Nicholas Taleb is the New York Times bestselling author of The Black Swan: The Impact of the Highly Improbable, Fooled By Randomness: The Hidden Role of Chance in Life and in the Markets, Antifragile: Things that Gain from Disorder, and others. In addition to his books, he has written many academic essays and articles for scholarly journals. He received a PhD, MS, and BS from the University of Paris and an MBA from the University of Pennsylvania. He is currently Distinguished Professor of Risk Engineering at New York University’s Polytechnic Institute and has given lectures at Oxford University, Stanford University, and the Massachusetts Institute of Technology, among others.

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Details

Details

Available Formats : CD, MP3 CD
Runtime: 10.00
Audience: Adult
Language: English