This audiobook is approximately luck, or even more precisely, how we perceive and deal with luck in life and business. It is currently a landmark work and its name has entered our vocabulary. In its second edition, Fooled by Randomness is now a cornerstone for anyone interested in random outcomes.

Set against the background of the most conspicuous community forum in which good fortune is mistaken for skill, the globe of trading, this audiobook is a captivating understanding into one of the least understood factors of most our lives..Read More about Fooled by Randomness: The Hidden Role of Possibility in Life and in the Markets In an entertaining narrative design, the author succeeds in tackling three major intellectual problems: the issue of induction, the survivorship biases, and our hereditary unfitness to the modern phrase. Taleb uses stories and anecdotes to illustrate our overestimation of causality as well as the heuristics which make us look at the world as far more explainable than it really is.

The audiobook is populated with a range of characters, some of whom have grasped, in their own way, the importance of chance: Yogi Berra, the baseball tale; Karl Popper, the philosopher of knowledge; Solon, the ancient world’s wisest guy; the modern financier George Soros; and the Greek voyager Ulysses. We also meet the imaginary Nero, who appears to understand the function of randomness in his professional existence, but who also falls sufferer to his own superstitious foolishness.

However the most recognizable personality continues to be unnamed, the lucky fool in the right place at the proper period – the embodiment of the ‘Survival of the Least Fit’. Such people attract devoted supporters who have confidence in their guru’s insights and methods. But no-one can replicate what’s obtained through chance.

It may be impossible to guard against the vagaries of the Goddess Fortuna, but after listening to Fooled by Randomness we are able to be a little better prepared.