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Fooled by Randomness
- The Hidden Role of Chance in Life and in the Markets
- Narrated by: Sean Pratt
- Length: 10 hrs and 3 mins
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Fooled by Randomness
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Publisher's Summary
Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill, the world of trading, this audiobook is a captivating insight into one of the least understood factors of all our lives. In an entertaining narrative style, the author succeeds in tackling three major intellectual issues: the problem of induction, the survivorship biases, and our genetic unfitness to the modern word. Taleb uses stories and anecdotes to illustrate our overestimation of causality and the heuristics that make us view the world as far more explainable than it actually is.
The audiobook is populated with an array of characters, some of whom have grasped, in their own way, the significance of chance: Yogi Berra, the baseball legend; 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 fictional Nero, who seems to understand the role of randomness in his professional life, but who also falls victim to his own superstitious foolishness.
But the most recognizable character remains unnamed, the lucky fool in the right place at the right time - the embodiment of the "Survival of the Least Fit". Such individuals attract devoted followers who believe in their guru's insights and methods. But no one can replicate what is obtained through chance.
It may be impossible to guard against the vagaries of the Goddess Fortuna, but after listening to Fooled by Randomness we can be a little better prepared.
Critic Reviews
"An articulate, wise, and humorous meditation on the nature of success and failure that anyone who wants a little more of the former would do well to consider." (Amazon.com)
What listeners say about Fooled by Randomness
Average Customer RatingsReviews - Please select the tabs below to change the source of reviews.
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Overall5 out of 5 stars
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Performance4 out of 5 stars
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Story5 out of 5 stars
- Anonymous User
- 29-07-2018
Amazing insights on markets, economy and humans
Incredibly insightful and powerful commentary - a must for business and ordinary people. This will challenge your thinking and push you to re-evaluate your biases.
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story4 out of 5 stars
- Sarah
- 05-11-2024
Very technical
Enjoyed the concepts outlined throughout the book but a very technical listen. You’ll have to concentrate.
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Jimmy
- 14-12-2022
Still good
Good information on the way of the world. Hard to follow at times and does need to be re-listened too several times to grasp the ideas. Overall good
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Anonymous User
- 03-11-2024
A most interesting book
Whoever is liking Marco Aurelio, Seneca or Montaigne should read books from N Taleb. In fact, anyone who likes literature will certainly enjoy reading this and other titles from the author. Lovers of fictions written by J Borges, R Roussel or G Perec will also find the themes developed in Taleb’s book most entertaining. Most readers of R Dobelli will probably not be able to appreciate fully N Taleb’s developments, but mistakes are proof that they are trying…
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Overall4 out of 5 stars
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Performance5 out of 5 stars
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Story4 out of 5 stars
- Cam Liston
- 10-07-2017
Arrogance & Interest
The supreme arrogance of NNT in this audiobook is nauseating but the content is very interesting.
The recording is great quality but the chapter breakdown is poor (long silences).
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4 people found this helpful
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Anonymous User
- 29-06-2021
95% confidence level value
subject yourself to probability..willingly. ironically there is a word minimum required for review..I will listen to this regularly
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- holly
- 29-10-2022
Trading Jesus
Someone alot smarter than me told me to read this book. I'm so glad I did. I haven't blown up trading but have come so close. I would have repeated the same mistakes if not for this books remarkable perspective and how applicable his insights here are to other areas of life. I have never heard a perspective like this before and this would be one person if you could have dinner and learn from...he's gone to the top of my dream dinner list...
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Overall4 out of 5 stars
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Performance3 out of 5 stars
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Story4 out of 5 stars
- Anonymous User
- 22-01-2019
Good Read, take your time with it
Very nice, only qualm is the large silent pausea between chapters - unless that's intended so the beginning the next chapter is... unpredictable
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- Anonymous User
- 26-10-2023
Great perspective
I think more people need to understand that value in understanding randomness, luck and probability
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Overall5 out of 5 stars
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Performance5 out of 5 stars
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Story5 out of 5 stars
- TheUnseendimension
- 22-04-2024
Most of this went over my head but loved it
Didn't know what I was getting myself into listening to this book, found myself laughing a lot, stopping and looking up a whole lot of things. Even though prob 2/3rds of it went over my head, I thoroughly enjoyed the book, the narrator was simply perfect for the text.
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