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Publisher Description

This audiobook is about luck, or more precisely, how we perceive and deal with luck in life and business. It is already a landmark work and its title has entered our vocabulary. In its second edition, Fooled by Randomness is now a cornerstone for anyone interested in random outcomes.

Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill, the world of trading, this audiobook is a captivating insight into one of the least understood factors of all our lives. In an entertaining narrative style, the author succeeds in tackling three major intellectual issues: the problem of induction, the survivorship biases, and our genetic unfitness to the modern word. Taleb uses stories and anecdotes to illustrate our overestimation of causality and the heuristics that make us view the world as far more explainable than it actually is.

The audiobook is populated with an array of characters, some of whom have grasped, in their own way, the significance of chance: Yogi Berra, the baseball legend; Karl Popper, the philosopher of knowledge; Solon, the ancient world's wisest man; the modern financier George Soros; and the Greek voyager Ulysses. We also meet the fictional Nero, who seems to understand the role of randomness in his professional life, but who also falls victim to his own superstitious foolishness.

But the most recognizable character remains unnamed, the lucky fool in the right place at the right time - the embodiment of the "Survival of the Least Fit". Such individuals attract devoted followers who believe in their guru's insights and methods. But no one can replicate what is obtained through chance.

It may be impossible to guard against the vagaries of the Goddess Fortuna, but after listening to Fooled by Randomness we can be a little better prepared.

GENRE
Business & Personal Finance
NARRATOR
SP
Sean Pratt
LENGTH
10:03
hr min
RELEASED
2008
January 4
PUBLISHER
Gildan Audio
LANGUAGE
EN
English
SIZE
445.9
MB

Customer Reviews

GoClick ,

Heavy on ego, light on evidence

You really get a sense the author thinks very highly of himself, and it's annoying because he never really backs up his points with evidence to convince you he's right. Instead he just repeats himself. At the start of the book he even tries to excuse the lack of evidence… but his excuse is basically "meh too bad."

Basically the point of the book is that randomness determines everything and the strategy which is discovered after is probably no good as other paths could have worked and a similar path failed for someone else.

Also the audiobook kept forgetting my position between times I played it, I'd listen on an airplane, have a layover, get on another and it'd be right back at the start.

It's amazing how many times the author had to repeat the same ideas to make it 10 hours long. I suspect the first manuscript was little more than a magazine article and the publisher told him to make it longer so he just repeated the same idea over and over until it was long enough, then the audiobook was produced from that. You'll be shocked at how many times the book repeats itself, it just goes on and on covering the same ideas over and over, it's like the author had to make it a specific length to get it published. At first I thought the book was going to be really deep but then I discovered that many of the ideas were repeated over and over again with subtle differences.

If you have a hard time understanding concepts you'll probably find yourself liking the book because the author repeats himself again and again. It's amazing how many times the author had to repeat the same ideas to make it 10 hours long. I suspect the first manuscript was little more than a magazine article and the publisher told him to make it longer so he just repeated the same idea over and over until it was long enough, then the audiobook was produced from that.

You'll be shocked at how many times the book repeats itself, it just goes on and on covering the same ideas over and over, it's like the author had to make it a specific length to get it published. At first I thought the book was going to be really deep but then I discovered that many of the ideas were repeated over and over again with subtle differences. If you have a hard time understanding concepts you'll probably find yourself liking the book because the author repeats himself again and again. It's amazing how many times the author had to repeat the same ideas to make it 10 hours long.

I suspect the first manuscript was little more than a magazine article and the publisher told him to make it longer so he just repeated the same idea over and over until it was long enough, then the audiobook was produced from that. You'll be shocked at how many times the book repeats itself, it just goes on and on covering the same ideas over and over, it's like the author had to make it a specific length to get it published. At first I thought the book was going to be really deep but then I discovered that many of the ideas were repeated over and over again with subtle differences. If you have a hard time understanding concepts you'll probably find yourself liking the book because the author repeats himself again and again.

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