Fooled By Randomness

"Fooled by Randomness" by Nassim Nicholas Taleb highlights how randomness, luck, and uncertainty shape our lives and decisions, particularly in areas like finance and business. Taleb challenges the tendency to misinterpret random events as skill, pointing out cognitive biases like survivorship bias, hindsight bias, and the neglect of rare, high-impact events (Black Swans). He argues that much of success is due to chance rather than merit, urging readers to embrace humility and adopt a skeptical approach to outcomes, recognizing the profound role of randomness in shaping reality.