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expiredphoinix | Staff posted Mar 11, 2023 7:59 PM

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

$3.00

$16

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Amazon
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Deal Details
Various Retailers have Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (eBook) on sale for $2.99.

Thanks to Community Member phoinix for sharing this deal.

Available from:About this Book:
  • Fooled by Randomness is the word-of-mouth sensation that will change the way you think about business and the world. Nassim Nicholas Taleb–veteran trader, renowned risk expert, polymathic scholar, erudite raconteur, and New York Times bestselling author of The Black Swan–has written a modern classic that turns on its head what we believe about luck and skill.
  • This book is about luck–or more precisely, about how we perceive and deal with luck in life and business. Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill–the world of trading–Fooled by Randomness provides captivating insight into one of the least understood factors in all our lives. Writing in an entertaining narrative style, the author tackles major intellectual issues related to the underestimation of the influence of happenstance on our lives.
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Editor's Notes

Written by SaltyOne | Staff

Original Post

Written by phoinix | Staff
Community Notes
About the Poster
Deal Details
Community Notes
About the Poster
Various Retailers have Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (eBook) on sale for $2.99.

Thanks to Community Member phoinix for sharing this deal.

Available from:About this Book:
  • Fooled by Randomness is the word-of-mouth sensation that will change the way you think about business and the world. Nassim Nicholas Taleb–veteran trader, renowned risk expert, polymathic scholar, erudite raconteur, and New York Times bestselling author of The Black Swan–has written a modern classic that turns on its head what we believe about luck and skill.
  • This book is about luck–or more precisely, about how we perceive and deal with luck in life and business. Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill–the world of trading–Fooled by Randomness provides captivating insight into one of the least understood factors in all our lives. Writing in an entertaining narrative style, the author tackles major intellectual issues related to the underestimation of the influence of happenstance on our lives.
The following is no longer available

Editor's Notes

Written by SaltyOne | Staff

Original Post

Written by phoinix | Staff

Community Voting

Deal Score
+52
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Top Comments

40Daze
446 Posts
74 Reputation
One of my all time favorite books. Definitely worth the $3 and time to read.
wealthmaker
43 Posts
10 Reputation
Maaaan are the Amazon reviews long. They are actually essays, not reviews!

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23 Comments

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Mar 12, 2023 1:27 AM
967 Comments
Joined Aug 2011
MikeAnnonMar 12, 2023 1:27 AM
967 Posts
The classic "A Random Walk Down Wall St." isn't so titled for nothing.
1
Mar 12, 2023 1:33 AM
446 Comments
Joined Mar 2008
40DazeMar 12, 2023 1:33 AM
446 Posts
One of my all time favorite books. Definitely worth the $3 and time to read.
Mar 12, 2023 4:44 AM
43 Comments
Joined Dec 2011
wealthmakerMar 12, 2023 4:44 AM
43 Posts
Maaaan are the Amazon reviews long. They are actually essays, not reviews!
3
Mar 12, 2023 4:46 AM
1.2K Comments
Joined May 2008
mvinuela4812Mar 12, 2023 4:46 AM
1,190 Posts
Perfect timing. Banks failing.
1
3
Mar 12, 2023 8:33 AM
318 Comments
Joined May 2009
SubieR6Mar 12, 2023 8:33 AM
318 Posts
Quote from wealthmaker :
Maaaan are the Amazon reviews long. They are actually essays, not reviews!
Lol you're right, I tried to read some and straight up TLDR
1
Mar 12, 2023 11:08 AM
1.8K Comments
Joined Aug 2010
tcatnatMar 12, 2023 11:08 AM
1,784 Posts
Free through Hoopla.
1
Mar 12, 2023 11:23 AM
214 Comments
Joined Dec 2006
yuagMar 12, 2023 11:23 AM
214 Posts
Quote from tcatnat :
Free through Hoopla.
Looks like the audiobook format only.
1

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Mar 12, 2023 1:35 PM
446 Comments
Joined Oct 2017
CPAESQMar 12, 2023 1:35 PM
446 Posts
Seems decent enough to use some no-rush credits on
Mar 12, 2023 3:34 PM
147 Comments
Joined Oct 2014
proudxMar 12, 2023 3:34 PM
147 Posts
Anyway to find out when the kindle edition sale ends?
Mar 12, 2023 5:48 PM
4.8K Comments
Joined May 2010
TH0RMar 12, 2023 5:48 PM
4,750 Posts
Often those who lack skill in trading and investing like to try to dismiss such skill as luck. Hopefully this is not written by one of those idiots.

If someone is right 8 or 9 out of 10 times consistently, it's not luck.
4
Mar 12, 2023 5:51 PM
449 Comments
Joined Jul 2015
bxaxpMar 12, 2023 5:51 PM
449 Posts
Great book. It's a very interesting read.
Mar 12, 2023 5:59 PM
4.8K Comments
Joined May 2010
TH0RMar 12, 2023 5:59 PM
4,750 Posts
https://en.wikipedia.org/wiki/Nas...olas_Taleb

Looks like he's no idiot, but I don't see anything about how much money he made trading options or how accurate he was. Some of the smartest people around are also often the worst traders - such as most doctors, etc.

(Corrected) Read "Reminiscences Of A Stock Operator" about Jesse Livermore and "How to Trade in Stocks" by Livermore. He made over $1B in today's money at one point solely by trading. His mistake was not quitting when up so much, but it doesn't change the fact that he accomplished this legendary feat. These days over 99% of those claiming trading success is nonsense imo, to try to sell a course or chat room subscription.
Last edited by TH0R March 12, 2023 at 03:28 PM.
2
Mar 12, 2023 8:13 PM
3 Comments
Joined Nov 2020
FancyPartner7586Mar 12, 2023 8:13 PM
3 Posts
Quote from TH0R :
https://en.wikipedia.org/wiki/Nas...olas_Taleb [wikipedia.org]

Looks like he's no idiot, but I don't see anything about how much money he made trading options or how accurate he was. Some of the smartest people around are also often the worst traders - such as most doctors, etc.

Read "Trading for a Living" about Jesse Livermore and "How to Trade in Stocks" by Livermore. He made over $1B in today's money at one point solely by trading. His mistake was not quitting when up so much, but it doesn't change the fact that he accomplished this legendary feat. These days over 99% of those claiming trading success is nonsense imo, to try to sell a course or chat room subscription.
Didn't Jesse Livermore kill himself? Most people would be better off with ETFs, or a basket of diversified companies.
Mar 12, 2023 8:54 PM
1.1K Comments
Joined Feb 2009
harpsmMar 12, 2023 8:54 PM
1,104 Posts
Quote from TH0R :
His mistake was not quitting when up so much, but it doesn't change the fact that he accomplished this legendary feat.
Or you might say... his luck ran out.

If you just put your money in an S&P 500 fund and leave it there, you'll do better than the majority of the active traders who think they have the secret sauce to beating the market.
Last edited by harpsm March 12, 2023 at 01:57 PM.
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Mar 12, 2023 9:28 PM
195 Comments
Joined Jan 2004
sonnychibaMar 12, 2023 9:28 PM
195 Posts
Quote from TH0R :
Often those who lack skill in trading and investing like to try to dismiss such skill as luck. Hopefully this is not written by one of those idiots.

If someone is right 8 or 9 out of 10 times consistently, it's not luck.
So you're saying I should hodl these stonks till I die? I like how you think

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