Book Notes · Markets & money
Fooled by Randomness (Nassim Taleb)
Taleb's first book: why we mistake luck for skill, noise for signal and survivors for geniuses. Alternative histories, survivorship bias, the dentist and the time-scale of noise, skewed bets, and how to live with randomness.
Step 1 of 6 · Overview30 min read ·
Key idea
Prereqs: Probability rules; Distributions & fat tails (Math). Next: Antifragile; Skin in the Game. Book: Nassim Nicholas Taleb, *Fooled by Randomness* (2001; 2nd ed. 2004).Next: 1. Luck vs skill