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Download Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets Audiobook (Unabridged)

Extended Audio Sample Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Unabridged), by Nassim Nicholas Taleb
4 out of 54 out of 54 out of 54 out of 54 out of 5 4.00 (9,473 ratings) (rate this audio book) Author: Nassim Nicholas Taleb Narrator: Lloyd Jame Publisher: Gildan Media LLC Format: Unabridged Audiobook Delivery: Instant Download Audio Length: Release Date:
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This audiobook is about luck, or more precisely, how we perceive and deal with luck in life and business. It is already a landmark work and its title has entered our vocabulary. In its second edition, Fooled by Randomness is now a cornerstone for anyone interested in random outcomes.

Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill, the world of trading, this audiobook is a captivating insight into one of the least understood factors of all our lives. In an entertaining narrative style, the author succeeds in tackling three major intellectual issues: the problem of induction, the survivorship biases, and our genetic unfitness to the modern word. Taleb uses stories and anecdotes to illustrate our overestimation of causality and the heuristics that make us view the world as far more explainable than it actually is.

The audiobook is populated with an array of characters, some of whom have grasped, in their own way, the significance of chance: Yogi Berra, the baseball legend; Karl Popper, the philosopher of knowledge; Solon, the ancient world's wisest man; the modern financier George Soros; and the Greek voyager Ulysses. We also meet the fictional Nero, who seems to understand the role of randomness in his professional life, but who also falls victim to his own superstitious foolishness.

But the most recognizable character remains unnamed, the lucky fool in the right place at the right time - the embodiment of the Survival of the Least Fit. Such individuals attract devoted followers who believe in their guru's insights and methods. But no one can replicate what is obtained through chance.

It may be impossible to guard against the vagaries of the Goddess Fortuna, but after listening to Fooled by Randomness we can be a little better prepared. Download and start listening now!


Listener Opinions

  • 2 out of 52 out of 52 out of 52 out of 52 out of 5 by Ryan Melena | 2/20/2014

    " Extremely interesting topic but the presentation left a lot to be desired in my opinion. The author's writing style seemed wandering and haphazard. Each time I felt he was beginning to convey an interesting insight he'd abruptly end his treatment of the subject or veer off onto a tangent. Additionally, the book's focus on philosophy and the author's constant name dropping of obscure literary figures became tiresome. It struck me as a poorly organized stream of consciousness dump / "look at how cultured I am" piece. To be fair, I do believe this may have been the author's intention to some degree. In the end, there were just enough interesting anecdotes, descriptions of common biases, and descriptions of common logical flaws to hold my attention but they could have been condensed and reorganized into a much more enjoyable book of about 1/3 the length. "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 by Andrew | 1/7/2014

    " Very good... and very challenging. "

  • 3 out of 53 out of 53 out of 53 out of 53 out of 5 by Andrea | 1/4/2014

    " Good. It's true that we tend to take credit for things that are pure luck, and proceed with our lives as if we know what we're doing "

  • 4 out of 54 out of 54 out of 54 out of 54 out of 5 by Conor Pendergrast | 12/14/2013

    " This is a great primer on critical thinking and understanding of logical fallacies, dressed-up as a story about investing and markets. I'd thoroughly recommend it as a Trojan horse for teaching people about not letting illogical thinking foil their hard work. "

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