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  • Fooled by Randomness

  • The Hidden Role of Chance in Life and in the Markets
  • Written by: Nassim Nicholas Taleb
  • Narrated by: Sean Pratt
  • Length: 10 hrs and 3 mins
  • 4.5 out of 5 stars (234 ratings)

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Fooled by Randomness cover art

Fooled by Randomness

Written by: Nassim Nicholas Taleb
Narrated by: Sean Pratt
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Publisher's Summary

This audiobook is about luck, or more precisely, how we perceive and deal with luck in life and business. It is already a landmark work and its title has entered our vocabulary. In its second edition, Fooled by Randomness is now a cornerstone for anyone interested in random outcomes.

Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill, the world of trading, this audiobook is a captivating insight into one of the least understood factors of all our lives. In an entertaining narrative style, the author succeeds in tackling three major intellectual issues: the problem of induction, the survivorship biases, and our genetic unfitness to the modern word. Taleb uses stories and anecdotes to illustrate our overestimation of causality and the heuristics that make us view the world as far more explainable than it actually is.

The audiobook is populated with an array of characters, some of whom have grasped, in their own way, the significance of chance: Yogi Berra, the baseball legend; Karl Popper, the philosopher of knowledge; Solon, the ancient world's wisest man; the modern financier George Soros; and the Greek voyager Ulysses. We also meet the fictional Nero, who seems to understand the role of randomness in his professional life, but who also falls victim to his own superstitious foolishness.

But the most recognizable character remains unnamed, the lucky fool in the right place at the right time - the embodiment of the "Survival of the Least Fit". Such individuals attract devoted followers who believe in their guru's insights and methods. But no one can replicate what is obtained through chance.

It may be impossible to guard against the vagaries of the Goddess Fortuna, but after listening to Fooled by Randomness we can be a little better prepared.

©2004 Nassim Nicholas Taleb (P)2008 Gildan Media Corp

What the critics say

"[Taleb is] Wall Street's principal dissident....[ Fooled by Randomness] is to conventional Wall Street wisdom approximately what Martin Luther's ninety-nine theses were to the Catholic Church." (Malcolm Gladwell, The New Yorker)
"An articulate, wise, and humorous meditation on the nature of success and failure that anyone who wants a little more of the former would do well to consider." (Amazon.com)

What listeners say about Fooled by Randomness

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Great book

There are few books you have to and want to read again and again. This is one

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Fact check

I am not an investor but find Nasim’s books insetting. I listen or read his books and try to use my leading and improve my thinking process and my personal life.
In one of the chapters he mentioned Al Ghazli as an Arab philosopher.He was Persian born in the city of Tus, in Khorasan province of Iran. He could refer to home as Arab speaking Philosopher from Iran or at that time Persia.

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A book about the obvious ...

Good book. Interesting unpopular view points that i doubt many within the "matrix" would agree with even though the observations and conclusions are highly plausible.

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1 person found this helpful

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Great book

I love the way Nassim Taleb thinks and the way he tells his stories. I will eventually read all his book.

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2 people found this helpful

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Recommended for the business coincious

Good read. insightful discussion. found that it provided good examples and interesting personal anecdotes to support arguments.

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Crazy fun book

Not what I expected. Thoroughly enjoyable book that challenged my preconceptions about who wins in business.

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Harsh, brutal, but Brilliant and funny

If you have the patience to listen to his repetitive stories, showing off his knowledge and life styles, insults across many different reputable professions, and random personal feelings, this book will offer you something deep to think about and some funny bits to laugh out loud.

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4 people found this helpful

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brilliant set of pseudorandom rambling

I disagree with some of the conclusions discussed and suspect that the author is pompous and annoying in person. But the book is great for stimulating thought around many topics and is very enjoyable. Actually listened to it twice!

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Good read, complicated at times

Author’s summary are good to highlight the point, because at times I felt lost in the details.

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Too much bla bla bla

This book is tremendously hard to listen. Neither it carries any knowledge of anything that can be applied in your life. I’ve been fooled by marketing buying this book.

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1 person found this helpful