Taleb could have a more important point to make than his superiority over everyone. The summary of this book is that Taleb really wants to be a Weeble. His summary quotation in Latin, no less, translates to Weebles Wobble But They Don't Fall Down. In other words, if you play the lottery always buy a ticket so you have a chance to win, but never buy so many tickets that if you don't win you are bankrupt. Really? How much of a contribution to the world is that? The movie Body Heat in 1981 said the same thing. "If you are planning a serious crime there are 50 things you can screw up. If you can think of 25 of them you are a genius. And YOU ain't no genius. Save you money and see the movie.
Signal and Noise
I really enjoyed the ideas put forward in this book and I think it is very important that randomness and statistics be better understood in society. That said, the author of the book is long-winded, imperious, and extremely self focused. "I" is the most common word used throughout the book while the author disdains his fellow traders on Wall Street, his fellow MBA's, and his fellow academics.
If you can get past the author, the ideas and information of the book is worth the effort.
This is not only entertaining, but enlightening because it illustrates with easily understandable examples, how randomness affects all of us whether we realize it or not. By applying the principles to our own lives, we may be able to understand our behavior and behavior of others better while giving us an advantage over others who do not understand these things. The author is clever in using illustrations to depict some complex statistical ideas and he does so in a very practical and understandable way that even non-math people can understand.
This is not a dry mathematical book but a very enjoyable read/listen. I kept coming back to it again and again just like any good book that keeps you going until it is finished. I enjoyed The Black Swan and this book is no disappointment - definitely recommend.
Things you might not realize were randomness and how you deal with it in your life.
An interesting book from a very cocky author. Taleb hits important points. I believe if I had read this book earlier in my life, it could have saved me from some of the mistakes that I made. The book is a must for any trader given that it works like a medicin to desinflate one's ego. Still, I believe that the author overestimates the impact of randomness, but just by making the reader aware of its presence and importance, makes it worthwhile the read!!!!!
Taleb offers a wise and humorous look at financial luck and the seemingly irrational swing of many markets around the world. Is it dumb luck or real skill? A great listen and so very interesting.
I really enjoyed this book, although trying to listen to it AND doing whatever is a little tough; requires some thought or multiple listenings. It's an easier read than his other book, The Black Swan, but what great information and what a cogent system he has worked out. I highly recommend it.
After nearly 2 hrs of listening I had to give up. There are endless teasers about "what's to come" but very little is ultimately delivered. What little there is comes capped by unbelievable shoddiness: "and I imagine that few of those people today are . . ." How about doing a little investigating and THEN writing a book? Random House published this "outline for a book" and fooled us all.
An eye opening and thought provoking book. Essential for anyone interested in the stock market, but also for those involved in science.
Do I have to give it a star? I wonder what book the positive reviewers listened to. I wish I had bought that one instead. I have to admit that there was fair warning in the opening pages that what was to follow would be a stream-of-consciousness opinionated diatribe without the slightest foundation of research or reason. I cannot decide whether the narrator's smarminess was artistic contribution or an unavoidable consequence of reading these empty egotistical prattlings.
Read "The Drunkard's Walk: How Randomness Rules Our Lives" by Leonard Mlodinow instead, if you prefer to be entertained or enlightened by the subject, but still don't want to do any math.
The book has some good points and interesting thoughts but it is difficult to get by how much the author clearly thinks he is better then anyone else. This book is not worth the listen.