The first thing which caught my attention was the blurb on the book-”One of the smartest books of all time”. Hmmmm..that got me intrigued.The name of the author sounded very exotic-Nassim Nicholas Taleb. I had never heard about him before.I picked up the book, and looked at the back cover.Another blurb, this time by Malcom Gladwell-” Wall Street’s principal dissident”.And that was all I needed to make my decision. I fished out my card, swiped it across the EDC,and Fooled By Randomness became all mine. Well, that was a year ago. And it has taken me this much time to finally finish the book. Has it been worth it? Absolutely. And here’s why:
The book challenges you to think. All of us want to succeed in life.But some of us are more successful than others.Why is it so? Is it luck, hard work, patience, persistence, or some thing else.And the definition of Luck keeps varying with every individual. As some one once famously said, Luck is when preparation meets opportunity.
In his book, Taleb explores probability, and the role that randomness plays in our every day lives.Taleb argues that people are tricked into believing that what happens at random is actually happening by design.He goes after the multitude of investing experts who pervade our consciousness.He argues that buying good stocks in not mostly about skill, but its mostly about luck. You may concur with his viewpoints or not, but his examples are sure to entertain.And the irony is that Taleb also happens to be an investor in the financial market.
Although interesting, the book is not a breezy read. I couldn’t read it at one go.And so I took my time, reading it once in a while, when my mind was in the mood for some intellectual arguments.
I highly recommend the book, whether you are an investor in the stock market, or an investor in the business of life.
I urge one and all to take a look at Taleb’s Website at http://www.fooledbyrandomness.com/
And when you do, please do scross down to the last line on the homepage