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.
In my quest to understand the financial markets and receive valuable insights I turn to books. Understanding the markets is very nuanced and complex but literature helps to bridge this gap and make the markets more accessible. Thus, the books I recommend have helped me considerably in trying to grasp this complicated world. In order […]