Everyone wants to succeed in life. But what causes some of us to be more successful than others? Is it really down to skill and strategy - or something altogether more unpredictable? This book is the word-of-mouth sensation that will change the way you think about business and the world. It is all about luck: more precisely, how we perceive luck in our personal and professional experiences. Nowhere is this more obvious than in the markets - we hear an entrepreneur has `vision' or a trader is `talented', but all too often ...
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Everyone wants to succeed in life. But what causes some of us to be more successful than others? Is it really down to skill and strategy - or something altogether more unpredictable? This book is the word-of-mouth sensation that will change the way you think about business and the world. It is all about luck: more precisely, how we perceive luck in our personal and professional experiences. Nowhere is this more obvious than in the markets - we hear an entrepreneur has `vision' or a trader is `talented', but all too often their performance is down to chance rather than skill. It is only because we fail to understand probability that we continue to believe events are non-random, finding reasons where none exist. This irreverent bestseller has shattered the illusions of people around the world by teaching them how to recognize randomness. Now it can do the same for you.
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Great book if you have the intellectual fortitude and self-honesty to withstand Taleb's unflinching (and downright scathing at times) look at how people see causality and order when the driving force is often just chance. It's a critical ride through history, epistemology, human behavior, probability, and the many lopsided bets that people unknowingly make. For some (perhaps many), Taleb's writing style can come off as intellectually pompous and disdainful. But if this bothers you, ignore the messenger and think long and hard about the message.