mccormick


bookshelf

Fooled by Randomness by Nassim Nicholas Taleb

On rare occasions, I sometimes read a book that I simply cannot understand. I believe this happens for one of two reasons, the author is incapable of effective communication or I am incapable of understanding. Typically, I can figure which one is most likely but after reading Fooled by Randomness, I am at a loss. I found myself confused often. I felt like the author jumped around a lot and I had a difficult time recognizing the key points or main arguments. However, I found some interesting pieces here and there.

From the title, you can easily gather the spirit of the book. We put too much emphasis on strategy and experience when our lives are generally ruled by randomness. The author spends most of the book discussing how traders approach the market yet time and time again, traders are proved wrong by a volatile and haphazard market.

I know this is a popular book with great reviews, but this just was not the book I expected and I did not enjoy it. Again, I may not be the right audience for the book. I may have been too foolish understand it. There is a short piece of philosophers that I found hilarious, which almost made the entire book worthy enough of a recommendation. I like books on data, statistics, and how we understand our world but this book does not hit the list of great social science books for me.