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Fooled by Randomness Pivotal Points is your aide to rapid comprehension of the essential business principles delineated in Nassim Nicholas Taleb's acclaimed book Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets.
Taleb argues that analysts that work with historical market data to find patterns will of course find regularities.
When people work hard, they will of course find similarities, but does not really statistically account into anything other than irregularities. Taleb uses "Survivor Bias" to discuss poor probability.
Nassim Taleb, undertakes in Fooled by Randomness, the warning not to equate success to skill and failure to bad luck.
As with all books in the Pivotal Point Papers Series, this book is intended to be purchased alongside the reviewed title, Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets.
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