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Book Hack
FooledBy Nassim Nicholas Taleb

In a Nutshell

Fooled By Randomness explains how luck, uncertainty, probability, human error, risk, and decision-making work together to influence our actions, showing that the role of chance in our lives is much greater than we think.

Favorite Quote

No matter how sophisticated our choices, how good we are at dominating the odds, randomness will have the last word.

Nassim Nicholas Taleb

Introduction

The media has no shortage of experts claiming to predict financial markets, global events, and even the weather.

But how many things in life can really be predicted?

Nassim Nicholas Taleb is a statistician and former options trader whose writing on risk, psychology, and society has made him a celebrity.

A New York Times bestseller, Fooled by Randomness is the first book of Incerto, Taleb's five-volume series on uncertainty, revealing the ways we tend to misinterpret the world and how we can avoid them.

Here are the 3 key insights from this Hack

  1. 1.
    Life is fundamentally non-linear and path-dependent — the opposite of what we often believe
  2. 2.
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  3. 3.
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