The Core Dump

A strong conviction that something must be done is the parent of many bad measures

[By Nic Lindh on Tuesday, 08 August 2006]

Review: Fooled by Randomness

Nassim Nicholas Taleb’s Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets is, as Taleb says in the prologue “about luck disguised and perceived as nonluck (that is, skills) and, more generally, randomness disguised and perceived as non-randomness (that is, determinism).” At its core, it’s a meditation on how poor us humans are at discerning what events around us are influenced by luck and chance, and the often counter-intuitive way the financial markets—and life—work.

Anybody reading it for investment tips is likely to go away shaking their head, but the reader looking for an interesting perspective on life is likely to be enthralled.

Fooled by Randomness is one of those books you read a few pages of and then you have to stop and think for a while about what you just read. Well worth the time.

Addendum: Here’s the Wikipedia entry about Mr. Taleb. Black Swan, indeed.

« Fear the silence


Enjoy the ten latest posts!

Any sufficiently advanced incompetence is indistinguishable from malice

Impressions moving from an Apple Watch Series 3 to Series 5

Is there reason to upgrade from a 3 to a 5?

Plans are worthless, but planning is everything

Often injustice lies in what you aren’t doing, not only in what you are doing

Die in a ditch

After all these years, Nic still can’t understand the American attitude to healthcare.

The big thieves hang the little ones

Book roundup, part 29

A sci-fi and fantasy heavy installment that includes The Valedictorian of Being Dead, The Mastermind, Broadsword Calling Danny Boy, Tiamat’s Wrath, The Raven Tower, The Liberation, The Light Brigade and Cryptonomicon.

Politics is not the art of the possible. It consists in choosing between the disastrous and the unpalatable

Book roundup, part 28

Includes The Incomplete Book of Running, Aching God, The Murderbot Diaries, Lies Sleeping, The Consuming Fire, and Rendezvous with Rama.

Las Vegas trip report

Did you know Las Vegas is kind of nutty?