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Fooled by Randomness

The Hidden Role of Chance in Life and in the Markets
in: Investing
Summary:

The book explores the underestimation and misunderstanding of randomness in human life, particularly in financial markets, arguing that luck and chance often explain successes attributed to skill. It challenges the reader to reconsider how they perceive the role of chance in their own achievements and the events around them.

Key points:

1. Randomness: The book highlights the crucial role of randomness in life and finance, suggesting that luck often plays a bigger part in success and failure than skill or intelligence.

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