Sentences with phrase «fooled by randomness»

In essence, Taleb says we are not very good at understanding the past or present — his first book was called Fooled by Randomness — and that we are downright horrible at predicting the future.

His book «Fooled by Randomness» was published in 2004 and «The Black Swan» was published in 2007.

We're naturally susceptible to being «fooled by randomness.»

«Fooled by Randomness»...

Concepts like the importance of standing apart from the crowd, developing your own investment style, and recognizing how easily the investing public is fooled by randomness.

by Fred Schwed «The Money Game» by Adam Smith «Against the Gods» by Peter L. Bernstein «The Four Pillars of Investing» by William Bernstein «The Intelligent Asset Allocator «by William Bernstein «Personal Finance for Dummies» by Eric Tyson «Fooled by Randomness» by Nassim Nicholas Taleb «The Richest Man in Babylon «by George Clason

In Fooled by Randomness, Taleb describes how humans tend to look for patterns in cause and effect where none exist.

Taleb offers a similar view in Fooled by Randomness and The Black Swan, and that's what makes the books so enjoyable.

Malcolm Gladwell's Blowing up is rich in biographical detail on Taleb, and reads to me like Fooled by Randomness in essay (despite Taleb's protestations that «while flattering,» it put him in the «wrong box»).

The assumption has made Nassim Taleb, the writer of Fooled by Randomness, rich.

RT @AsifSuria: Agreed but they should have replaced Black Swan with Fooled by Randomness.

In his book Fooled by Randomness, Nassim Taleb defined Black Swan (the term refers to the once prevalent old world belief that all swans are white, which was proven false when black swans were discovered in Australia) as a rare event that is (1) unexpected (2) carries an extreme impact and (3) believed to be predictable in hindsight.

We are often «fooled by randomness» — when we see a random pattern, we think it means more than it does.

Taleb (2005, 2007, 2012) within his books on financial markets and system dynamics Fooled by Randomness, Black Swan and Antifragile argues that our incapability to forecast in environments subjected to extreme events including a lack of the awareness of this state of affairs means that certain experts are claiming to tell the truth while in fact they are not.

Other titles that got some love from VCs: Nassim Taleb's Fooled by Randomness and Good to Great by Jim Collins.

For investing, I'd have to add Capital Ideas by Peter Bernstein, Fooled By Randomness by Nasim Nicholas Taleb and Common Sense on Mutual Funds by John Bogle.

1 Nassim Nicholas Taleb, Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets, 2nd ed., (New York: Thompson Texere, 2004), 61.

«Fooled by Randomness - I consider it one of the most important books an investor can read.»

Howard Marks «Fooled by Randomness is a serious, intellectually sophisticated book, well worth reading carefully.

Since that time, he has written a long - form essay broken into three books: The Black Swan: The Impact of the Highly Improbable, Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets, and Antifragile: Things That Gain from Disorder.

Taleb, who grew up in Lebanon and used to work on Wall Street, published his first non-technical book, Fooled by Randomness, in 2001.