Summary of Fooled by Randomness

Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets, by Nassim Nicholas Taleb, is a book that examines the role of randomness and luck in life and financial markets. It argues that people often misinterpret the role of randomness and fail to understand how luck and chance can influence the outcomes of their decisions. The book examines the consequences of this misinterpretation, and advocates for a more probabilistic approach to decision-making. It also focuses on the psychology of luck and examines how people’s perception of randomness can be manipulated. The book is divided into several parts, with topics ranging from the psychology of luck, to the role of luck in stock markets, to the role of randomness in human history and societies.