Contends that randomness and probability have a large impact on life, claims that people regularly fail to recognize that role, and tells how to differentiate between randomness in general and the financial markets in particular.
The founder of a trading firm and risk management organization argues that randomness and probability have a profound influence on human life, as well as the consistent inability of humans to recognize that role, and explains how to differentiate between randomness in general and the financial markets in particular. Reprint. 25,000 first printing.
Finally in paperback, here is the word-of-mouth sensation that will change the way you think about business and the world. This book is about luck: more precisely, about how we perceive luck in our personal and professional experiences. Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill - the markets - Fooled by Randomness is an irreverent, iconoclastic, eye-opening, and endlessly entertaining multidisciplinary exploration of one of the least understood forces in all of our lives.
