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Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Incerto, #1), by Nassim Nicholas Taleb

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The fact that the losses hurt more than the gains, and differently, makes your accumulated performance, that is, your total wealth, less relevant than the last change in it.
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Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Incerto, #1)
Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Incerto, #1)
by Nassim Nicholas Taleb
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