Honestly, the title did not appeal to me all that much at a glance. However, what caught my eye was the comment at the corner of the book cover that whispered 'Fortune: Selected as one of the smartest books of all time'. Now if there was any way to prove that I'm smart, it is to read a smart book.What it is about:
How economists and traders consistently ignore the role of chance and rely on their increasingly unreliable models and charts to 'predict' the market.
Who is it for:
Anyone with a slight interest in the markets should read this! Nassim Nicholas Taleb is very convincing with his arguments though he does come across as quite arrogant at times. He does make occasional references to the role of chance in everyday life but most of it is centered on trading, which is his area of expertise, so I have no qualms with that.
Conclusion:
This book is definitely essential reading, your views on the markets and everything else will be drastically altered. You will find yourself labeling market volatility as 'noise' and be more focused on the things that really matter. Besides, you would definitely want to be seen reading one of the smartest books of all time.
Note: This book was so influential that the author decided to do a chapter by chapter review but at the time of writing, this author cannot find this book anywhere. So much for the smartness proof.
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The Warren Buffett Way
Lessons from Babylon
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