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Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets

Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets

Fooled by Randomness by Nassim Nicholas Taleb

🎲 The Hidden Role of Chance in Life and in the Markets

The Wall Street Trader Who Proved Everyone’s Success Story Is a Lie

  • That genius stock picker? Lucky idiot.
  • Your successful neighbor? Right place, right time.
  • Your own achievements? Maybe not as earned as you think.

Before you get offended, consider this: A former Wall Street trader spent decades proving that we’re all delusional about success, failure, and everything in between.

The Brutal Truths That Shatter Our Illusions:

  • 💣 Survivorship Bias – Why you only hear from the winners
  • 💣 The Narrative Fallacy – We invent causes for random events
  • 💣 Russian Roulette Logic – The richest person in the cemetery is still dead
  • 💣 The Lucky Fool Problem – How to spot them (hint: check the mirror)
  • 💣 Black Swan Blindness – The rare events that determine everything

Taleb doesn’t teach you how to get rich. He teaches you how not to go broke when randomness strikes.

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