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A review by gigahurt
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets by Nassim Nicholas Taleb
4.0
I have enjoyed everything I have read by Nassim Taleb. This book is no exception. With that said, I did enjoy Black Swan and Antifragile more. My favorite take aways:
The Barrel of Reality figure of speech
Work ethic as inefficient mediocrity
Suggestion to cut off from media
Stats for aggressive bets, but not to manage risk or exposure
Carl Popper. Def will checkout The Open Society.
Stop loss concept. Want to have these for every aspect of my life.
Wittgenstein concept about the ruler measuring the thing, but also sometimes learning more about the ruler then the object under measurement.
The Barrel of Reality figure of speech
Work ethic as inefficient mediocrity
Suggestion to cut off from media
Stats for aggressive bets, but not to manage risk or exposure
Carl Popper. Def will checkout The Open Society.
Stop loss concept. Want to have these for every aspect of my life.
Wittgenstein concept about the ruler measuring the thing, but also sometimes learning more about the ruler then the object under measurement.