Book Review: Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets by Nassim Nicholas Taleb

It is easy to dismiss this book by thinking it is somewhat arrogant, but that would be foolish as it doesn’t remove the importance and rightfulness of the message; it proves the point we are fallible and have hidden biases which influence our actions and reactions. Not to mention that chance plays an important role in our lives. More than we like to admit.

Nassim Nicholas Taleb goes over the thought patterns we have and how they affect our risk-taking, planning, and how we judge others and ou...