A review by stephenwhedlund
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets by Nassim Nicholas Taleb

4.0

I was especially hopeful he would prove that the market was random, but instead he spent the majority of the book talking probabilities and psychology. While interesting, I found the book titled inaccurately. He proved that success in the market is statistically probable due to luck, but that doesn't mean that luck caused someone's success...I think haha

Chapter 8 was, in my opinion, the best section. Frequency doesn't matter, only magnitude does. If I make $1 a day for 1,000 days, it is all worthless if I lose $10,000 in 1 day.