Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets

              

Author: Nassim Nicholas Taleb

8.9/10

READ

Taleb is one of those people who can write about economics, finance, and investing using stories and examples as if you are reading a fairytale. Thus, he manages to communicate important ideas and concepts without resorting to a gazillion of mathematical equations.

The premise of the book is already in the title: probability and chance matter a lot, both in our investing as well our daily lives. 

That said, the book reads more like an accessible philosophical understanding of the markets - doing what Taleb did requires loads of money and a deep understanding of how complex products work.

Still, a very good read.

READ IF: You want to get a good philosophical understanding of the markets and why this matters

PASS IF: You want a book that gives you applicable advice

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