Status Updates From Fooled by Randomness: The H...

It is true that we could not forget the randomness of the world. Even the probability is 10 sigma to be doomed, there is still a probability. What we need to do is to understand what is the worst situation and plan for that. Once we know the consequences before going deeper, we can be safer from being wiped out

The author point out animal evolution is not continuous and evolution may not only converge to betterment. It could be added randomness. If the species did not counter any threat before and keep going the same path. After the long run, one threat can wipe out the species. Same as those successful trader keep buying the dip until being wipe out.

Poetry can fool people as it could be a random generated words. How we distinguish them could test its asthmatic ? Not really, we only accept the fake literature which sounds beautiful. As there is no way human can distinguish a random one or some creator writes them. I think we can test those by putting them with a context. There is a story behind and a main theme behind to express something

The first pages are extremely good at sparking your sense of randomness and probability, i like the personality of the author .

We don’t judge someone or a decision for Inestment / war or medicine based on the historical result. We can view it via if there are alternatives outcome and how costly are those outcome.

When people judge a trader, me as a single investor, missing a good trend or losing money in the market, how would I response ? Do I have any protection? What is the alternative decision ?

I am surprised to hear that the regularity and anomaly in data can be plain random. Why ?
But I agree that we could be confused by the noise and meaning.