Which means it was placed in its specific place with help not just
by RANDOMNESS OF THE UNIVERSE.
Read A RANDOM WALK DOWN WALL STREET by Burton Malkiel and FOOLED
BY RANDOMNESS by Nassim Nicholas Taleb for more explanations.
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»).
Fibonacci Numbers as a natural constant of existence plainly show that the universe is not
guided by randomness but by design.
When we look at the very basis of all science (that is quantum physics and the math which underlies it) we see that everything truly is
governed by randomness and probabilities, not by determinism.
And what exactly is meant by those who say that life appeared by chance and that evolution is a blind process
ruled by randomness?
Top - down selection leads to increased complexity,
enabled by the randomness of lower - level processes, an intriguing thought.
And when biased reviewers took more than 2.8 % off the scores awarded to grants from the nonpreferred applicants, the bias began to affect funding decisions — even though that number is smaller than the difference in scores
produced by randomness.
I am more on the side that we are Fooled
By Randomness as Nassim Nicholas Taleb would say on the families success.
Bad luck
caused by randomness and poor returns caused by overvaluation have not occurred simultaneously.
wouldn't it be just easier to admit we can't know what the market will do tomorrow or next year and accept that our lives are
determined by randomness?
Montier's «seductive details» is reminiscent of the discussion in Nicholas Taleb's Fooled
by Randomness on the relationship between the amount of information available to experts, the accuracy of judgments they make based on this information, and the experts» confidence in the accuracy of these judgements.
If you are looking at ten year performance figures of a fund then odds are high that the fluctuations
introduced by randomness and luck have evened out over long term and what you see is a reasonable proxy for fund manager's skill.
Other than movement and cover, Shadowrun Returns is
defined by randomness, a fickle mistress that will both reward and punish those arrogant enough to test her wrath.
One of our level designers on the multiplayer side had a lot of experience as a single - player level designer and was absolutely
frustrated by the randomness.
While the overall acoustic effect is similar from sphere to sphere as the speed of rotation remains constant, the sound produced by each is distinct,
affected by the randomness of its movement.
Thirdly, Spencer finds the scientific theory of Intelligent Design to be more credible than functions
formed by randomness.
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.
Taleb offers a similar view in
Fooled by Randomness and The Black Swan, and that's what makes the books so enjoyable.
Taleb, who grew up in Lebanon and used to work on Wall Street, published his first non-technical book, Fooled
by Randomness, in 2001.
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.
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.
Other titles that got some love from VCs: Nassim Taleb's Fooled
by Randomness and Good to Great by Jim Collins.
The study is titled «Fooled
By Randomness,» because that's what it found: virtually no differences across all 100 providers.
We are often «fooled
by randomness» — when we see a random pattern, we think it means more than it does.
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.
RT @AsifSuria: Agreed but they should have replaced Black Swan with Fooled
by Randomness.
A loosing trade as a correct trading decision In the chapter outlining Jack's own reflections, he presents a point that is very much in line with a quote I found quite profound in Nassim Taleb's Fooled
by Randomness: «A mistake is not something to be determined after the fact, but in the light of the information until that point.»
His major works — Fooled
by Randomness, The Black Swan and Antifragile — have challenged an investment industry that until recently clung doggedly to the efficient markets hypothesis: the theory that markets are rational, as are the investors that operate within them.
One of the best books ever written on investing is — Fooled
by Randomness: The Hidden Role of Chance in Life and in the Markets, by Nassim Taleb.
As I foreshadowed last week in The New World, I want to explore Nassim Nicholas Taleb's Fooled
by Randomness and The Black Swan in some depth.
In Fooled
by Randomness, Taleb describes how humans tend to look for patterns in cause and effect where none exist.
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.
«Fooled
by Randomness»...
The idea of the Black Swan Event has been around for a long time, but was first published by Nassim Nicholas Taleb in his 2004 book, Fooled
By Randomness.
We're naturally susceptible to being «fooled
by randomness.»
Perhaps you should read Fooled
by Randomness or The Black Swan by Nassim Taleb before you place your bet.