I took Nassim Nicholas Taleb's books on holiday, very interesting reading given current events.
i read 'fooled by randomness'.
to sum it up - none of the traders or bankers have the first clue about what they are doing, or why what happened happened, but, crucially, the successful ones think they do.
whereas in reality, some of them got lucky, and some of them didn't.
i read 'fooled by randomness'.
to sum it up - none of the traders or bankers have the first clue about what they are doing, or why what happened happened, but, crucially, the successful ones think they do.
whereas in reality, some of them got lucky, and some of them didn't.
good book.