Recommended Reading

Fooled By Randomness

Success and Markets have an overarching connection: both are random. Fooled by Randomness does an excellent job conveying the randomness and luck involved in being successful.  Through brilliant story telling Nasim Taleb offers a powerful argument concerning the lucky success of traders.  Through his use of statistics, he systematically disregards speculators whom tout successful track-records.  By discrediting speculating and technical analysis Fooled by Randomness serves to legitimize value investing as a worthwhile investment strategy.  While the book delves, heavily into statistics it was designed with the lay person in mind.  With a snarky attitude, Fooled by Randomness offers a unique take on luck and is quintessential to a more thorough understanding of the markets.  I would highly recommend this book to anyone who regards technical analysis as a legitimate investment strategy. 

“Heroes are heroes because they are heroic in behavior, not because they won or lost.” 
― Nassim Nicholas Taleb, 

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