Fooled by Randomness: The Hidden Role of Chance in Life and Markets
Why I recommend it
Taleb uses investing to examine how easily we mistake luck for skill. It’s a useful challenge to the stories we tell about success.
What stayed with me
One good result doesn’t tell us everything about a decision. We also need to consider what could have happened.
Who it’s useful for
Anyone evaluating decisions, performance, or their own success.
A tension or limitation
The examples lean heavily on trading, and Taleb is quick to judge others. Question his stories too.