Fooled by Randomness (book)

"Fooled by Randomness," by Nassim Nicholas Taleb, explores the role of chance in life, particularly in financial markets and decision-making. Taleb argues that people often mistake luck for skill, leading to misguided beliefs about causality and success. He emphasizes how randomness can deceive our perceptions, causing us to overlook the influence of probability and volatility. The book encourages readers to recognize the limits of their knowledge and the impact of uncertainty, urging a more thoughtful approach to risk and decision-making in unpredictable environments.