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Random events can have a major impact on our lives from "summary" of Fooled by Randomness by Nassim Nicholas Taleb
Random events, by their very nature, are unpredictable and uncontrollable. They have the potential to disrupt the carefully laid plans and expectations we have for our lives. Whether it's a sudden illness, a financial crisis, or a stroke of good luck, these events can have a significant impact on the course of our lives. In the grand scheme of things, our lives are governed by a complex interplay of randomness and determinism. While we may like to believe that we are in control of our destinies, the truth is that chance plays a much larger role than we care to admit. This is especially true in the world of finance and investing, where even the most seasoned professionals can be blindsided by unexpected events. Take, for example, the story of two traders w...
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