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.
Includes Hollywood Dead, Tales from the Loop, Things from the Flood, The Court of Broken Knives, and Port of Shadows.
Nic has a retinal tear and has his vision is saved by a laser.
Includes The Storm Before the Storm, White Trash, Calypso, Tell the Machine Goodnight, Prince of Fools, and Provenance.
The Internet tells Nic to install Ubiquiti gear in his house, so he does, and now he has thoughts.
What I wish I’d known when I started podcasting.
Nic starts a new podcast about—gasp!—American sports.
Mostly excellent non-fiction in this installment. Includes Fantasyland, The Miracle of Dunkirk, Das Reich, The Undoing Project, Waiting for the Punch, Vacationland and Points of Impact.