Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets Audiobook (Free)

This audiobook is about luck, or even more precisely, how we perceive and cope with luck in life and business. It is already a landmark work and its name has came into our vocabulary. In its second release, Fooled by Randomness is now a cornerstone for anybody interested in arbitrary outcomes.

Set against the setting of the most conspicuous community forum in which good luck is mistaken for skill, the world of trading, this audiobook is a captivating understanding into one of the least understood elements of all our lives..LEARNING MUCH MORE about Fooled simply by Randomness: The Hidden Part of Possibility in Life and in the Markets Within an entertaining narrative design, the writer succeeds in tackling 3 major intellectual problems: the problem of induction, the survivorship biases, and our genetic unfitness to the present day phrase. Taleb uses tales and anecdotes to demonstrate our overestimation of causality and the heuristics which make us look at the globe as a lot more explainable than it actually is.

The audiobook is populated with an array of characters, some of whom have grasped, within their own way, the importance of chance: Yogi Berra, the baseball star; Karl Popper, the philosopher of knowledge; Solon, the ancient world’s wisest man; the modern financier George Soros; and the Greek voyager Ulysses. We also meet the imaginary Nero, who appears to understand the part of randomness in his professional life, but who also falls victim to his own superstitious foolishness.

However the most recognizable character continues to be unnamed, the lucky fool in the proper place at the right time – the embodiment from the ‘Survival of the Least Fit’. Such people attract devoted supporters who believe in their guru’s insights and methods. But no one can replicate what’s obtained through opportunity.

It may be impossible to guard against the vagaries from the Goddess Fortuna, but after listening to Fooled by Randomness we are able to be a little better prepared.