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Fooled by Randomness Summary

6 min read ⌚ 

The Hidden Role of Chance in Life and in the Markets

First time when I’ve heard about Nassim Taleb’s books, I couldn’t help asking: why is this author so followed, read, and admired?

Looking for the answer helped me discover amazing things about him: his books draw a lot of attention. Plenty of reviews, lots of readers ready to comment and debate on his topics – that kind of stuff can perfectly describe the landscape that Nassim Taleb’s books designed.

Many things have changed since the beginning of the 21st century.

Randomness is our everyday thing; the new era brings a lot of excitement derived from the technology itself. Nevertheless, in the past couple of years, lots of books linked to certain segments of the economy, management, and finance, have been published; the readers are still looking for the breathtaking masterpiece.

Fooled by Randomness” is one of those books, which concisely illustrate the point of success. In this case, that point is called randomness. The important role of randomness explained by Nassim Nicholas Taleb deserves its place in our “bookshelf” as well.

This book summary will support your business ideas if you understand- How random events affect your company (positively or negatively).

These circumstances challenged me to discover his books for myself. Antifragile: Things that Gain from Disorder was my first interaction with his writing style. The Black Swan: The Impact of the Highly Improbable came after. And now I’m once again dealing with another great book – Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets.

Who Should Read “Fooled by Randomness”? And Why?

Randomness is not a theory, nor is it a concept. Randomness is world’s ability to create unpredictable events, occasions, occurrences, situations, collapses and so on. Do you want to be happy? – Are you a superstitious person?

The answers you give to these questions can determine every outcome out of any decision that you’ve made. Superstitious persons are victims of the past; they are sometimes even paranoid. Thinking about the future is not going to help you either.

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