Fooled By Randomness

Author: Nassim Nicholas Taleb
Publisher: Random House
ISBN: 9781588367679
Size: 76.19 MB
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Fooled by Randomness is a standalone book in Nassim Nicholas Taleb’s landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we don’t understand. The other books in the series are The Black Swan, Antifragile, Skin in the Game, and The Bed of Procrustes. Fooled by Randomness is the word-of-mouth sensation that will change the way you think about business and the world. Nassim Nicholas Taleb–veteran trader, renowned risk expert, polymathic scholar, erudite raconteur, and New York Times bestselling author of The Black Swan–has written a modern classic that turns on its head what we believe about luck and skill. This book is about luck–or more precisely, about how we perceive and deal with luck in life and business. Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill–the world of trading–Fooled by Randomness provides captivating insight into one of the least understood factors in all our lives. Writing in an entertaining narrative style, the author tackles major intellectual issues related to the underestimation of the influence of happenstance on our lives. The book is populated with an array of characters, some of whom have grasped, in their own way, the significance of chance: the baseball legend Yogi Berra; the philosopher of knowledge Karl Popper; the ancient world’s wisest man, Solon; the modern financier George Soros; and the Greek voyager Odysseus. We also meet the fictional Nero, who seems to understand the role of randomness in his professional life but falls victim to his own superstitious foolishness. However, the most recognizable character of all remains unnamed–the lucky fool who happens to be in the right place at the right time–he embodies 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 by chance. Are we capable of distinguishing the fortunate charlatan from the genuine visionary? Must we always try to uncover nonexistent messages in random events? It may be impossible to guard ourselves against the vagaries of the goddess Fortuna, but after reading Fooled by Randomness we can be a little better prepared. Named by Fortune One of the Smartest Books of All Time A Financial Times Best Business Book of the Year

Incerto 4 Book Bundle

Author: Nassim Nicholas Taleb
Publisher: Random House
ISBN: 0812997697
Size: 44.84 MB
Format: PDF, ePub
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Nassim Nicholas Taleb’s landmark Incerto series is an investigation of luck, uncertainty, probability, opacity, human error, risk, disorder, and decision-making in a world we don’t understand, in nonoverlapping and standalone books. All four volumes—Antifragile, The Black Swan, Fooled by Randomness, and the expanded edition of The Bed of Procrustes, updated with more than 50 percent new material—are now together in one ebook bundle. ANTIFRAGILE “Startling . . . richly crammed with insights, stories, fine phrases and intriguing asides.”—The Wall Street Journal Just as human bones get stronger when subjected to stress and tension, many things in life benefit from disorder, volatility, and turmoil. What Taleb has identified and calls “antifragile” is that category of things that not only gain from chaos but need it in order to survive and flourish. The resilient resists shocks and stays the same; the antifragile gets better and better. What is crucial is that the antifragile loves errors, as it incurs small harm and large benefits from them. Spanning politics, urban planning, war, personal finance, economic systems, and medicine in an interdisciplinary and erudite style, Antifragile is a blueprint for living in a Black Swan world. THE BLACK SWAN “[A book] that altered modern thinking.”—The Times (London) A black swan is a highly improbable event with three principal characteristics: It is unpredictable; it carries a massive impact; and, after the fact, we concoct an explanation that makes it appear less random and more predictable. The astonishing success of Google was a black swan; so was 9/11. In this groundbreaking and prophetic book, Taleb shows that black swan events underlie almost everything about our world, from the rise of religions to events in our own personal lives, and yet we—especially the experts—are blind to them. FOOLED BY RANDOMNESS “[Fooled by Randomness] is to conventional Wall Street wisdom approximately what Martin Luther’s ninety-five theses were to the Catholic Church.”—Malcolm Gladwell, The New Yorker Are we capable of distinguishing the fortunate charlatan from the genuine visionary? Must we always try to uncover nonexistent messages in random events? Fooled by Randomness is about luck: more precisely, about how we perceive luck in our personal and professional experiences. Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill—the markets—Fooled by Randomness is an irreverent, eye-opening, and endlessly entertaining exploration of one of the least understood forces in our lives. THE BED OF PROCRUSTES “Taleb’s crystalline nuggets of thought stand alone like esoteric poems.”—Financial Times This collection of aphorisms and meditations expresses Taleb’s major ideas in ways you least expect. The Bed of Procrustes takes its title from Greek mythology: the story of a man who made his visitors fit his bed to perfection by either stretching them or cutting their limbs. With a rare combination of pointed wit and potent wisdom, Taleb plows through human illusions, contrasting the classical views of courage, elegance, and erudition against the modern diseases of nerdiness, philistinism, and phoniness.

Customer Experience Innovation

Author: Robert Dew
Publisher: Emerald Group Publishing
ISBN: 1787547868
Size: 10.69 MB
Format: PDF, Kindle
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This book outlines innovative processes used to research, conceive and develop innovations in the Customer eXperience (CX) space for both large and small companies.

Contracts And Deals In Islamic Finance

Author: Hussein Kureshi
Publisher: John Wiley & Sons
ISBN: 1119020573
Size: 48.44 MB
Format: PDF, ePub
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A very accessible and concise guide to Islamic finance Contracts and Deals in Islamic Finance provides a clearbreakdown of Islamic financial contracts and deal structures forbeginners. The embedded requirements within selected Islamicfinancial contracts, such as risk weightage, capital structures,creations of cash flows, and balance sheets, are explained fully toprovide a solid understanding of the backbone of the industry.Aimed primarily at beginners and those with a background inconventional banking, this book guides readers through the majorcontracts, how they're applied, and how to discern a contract'slegitimacy. Case studies and interviews with bankers and globalregulators provide real-life examples of contract application, andthe author's own experiences provide deep insight into the everydayissues that arise. Ancillary instructor's materials includePowerPoint slides and lecture notes that facilitate use in theclassroom. Literature describing the application of Islamic financialcontracts is few and far between, and those providing a basicbreakdown of these contracts and questioning their validity arerarer still. This book is the first of its kind, offering a basicapproach to understanding Islamic contracts, designed for the truebeginner. Understand the current contracts applied in Islamicbanking Learn how contracts are applied across differentjurisdictions Identify illegitimate contracts and those not in the spirit ofShariah law Examine the current economic realities surrounding Islamicfinance By highlighting the underlying themes in Islamic finance andassessing the current practices, this book gives readers the solidunderstanding and up-to-date perspective that form a solidfoundation upon which successful Islamic finance is practiced. Fora solid introduction to the Islamic finance industry, Contracts andDeals in Islamic Finance is an accessible, practical guide.