Fooled by randomness : the hidden role of chance in life and in the markets
- 316 pages
- 12 hours of reading
This is a book about luck. More specifically, it is a book about how we perceive luck, twist it around and regard it as intention or purpose.
Incerto Series
This series delves into the profound role of randomness, uncertainty, and unpredictability in human affairs and financial markets. The author masterfully blends personal anecdotes with deep philosophical insights and mathematical concepts. Readers will explore how to navigate a world dominated by chance and understand our innate desire to impose order on chaos. It offers a thought-provoking exploration of risk, skepticism, and the true nature of reality.
Recommended Reading Order
The Black Swan
- 480 pages
- 17 hours of reading
From the critically acclaimed author of Fooled by Randomness, a book about the impact of improbable events on every aspect of life.
The Bed of Procrustes
- 112 pages
- 4 hours of reading
By the author of the modern classic The Black Swan, this collection of aphorisms and meditations expresses Taleb's view of modern civilization's hubristic side effects--modifying humans to satisfy technology, blaming reality for not fitting economic models, inventing diseases to sell drugs, defining intelligence as what can be tested in a classroom, and convincing people that employment is not slavery
Antifragile
- 546 pages
- 20 hours of reading
In his revelatory new work, Taleb presents a definitive solution for navigating a world that is unpredictable, chaotic, and filled with shocks, focusing on how to thrive during disasters. He turns the concept of uncertainty on its head, making it not only desirable but essential, and advocates for building systems in an antifragile manner. The 'antifragile' thrives on shocks, uncertainty, and stressors, enabling the most successful individuals to leverage disorder for innovative opportunities and advantages. Taleb asserts that antifragility is the key to success amid uncertainty, transforming random challenges into lasting benefits. His writing is both entertaining and insightful, prompting readers to reflect on the nature of resilience. Critics note that his humor and sharp insights make the book engaging, while its rich content invites multiple readings. The notion of a new kind of strength emerges—one that is not about invincibility but rather an enhanced ability to manage life's inevitable surprises, allowing for significant rewards while minimizing risks. Taleb, as an outsider challenging established norms, offers a fresh perspective on navigating complexity and uncertainty.
Skin in the Game. Hidden Asymmetries in Daily Life
- 304 pages
- 11 hours of reading
The phrase "skin in the game" is one we have often heard but have rarely stopped to truly dissect. It is the backbone of risk management, but it's also an astonishingly complex worldview that applies to all aspects of our lives. Nassim Nicholas Taleb pulls on everything from Antaeus the Giant to Hammurabi to Donald Trump to Seneca to the ethics of disagreement to create a tapestry for understanding our world in a brand new way. Among his insights: For social justice, focus on symmetry and risk sharing -- Ethical rules aren't universal -- Minorities, not majorities, run the world -- You can be an intellectual yet still be an idiot -- Beware of complicated solutions (that someone was paid to find) -- True religion is commitment, not just faith
Related books
Incerto Box Set
- 400 pages
- 14 hours of reading
New York Times bestselling author Nassim Taleb's landmark Incerto series - Antifragile, The Black Swan, Fooled by Randomness, The Bed of Procrustes - gathered together for the first time, in a beautifully designed box set.
Incerto 1-5 Box Set
- 5 volumes
Nassim Taleb's five landmark bestselling books have changed the way millions see the world and think about uncertainty, chance, volatility, and risk. They can be read individually but are also written to complement each other and actually comprise a single work: The Incerto. This boxed set is newly designed and offers readers one of the most significant intellectual projects of our time.
The Black Swan. Fooled by Randomness (2 Books in 1)
- 682 pages
- 24 hours of reading
The hidden role of of chance in life and in the markets.The impact of the highly improbable
Die "Incerto-Reihe" von Nassim Nicholas Taleb, die die Werke "Der Schwarze Schwan", "Narren des Zufalls", "Antifragilität" und das "Kleine Handbuch für den Umgang mit Unwissen" umfasst, untersucht die Rolle von Glück, Unsicherheit und Risiko in einer komplexen Welt. Daniel Kahneman beschreibt Talebs Einfluss auf seine Weltsicht.
