![]() ![]() ![]() Part 3 shares strategies for facing randomness.Our decisions are often flawed because our minds do not easily think in terms of abstract probability. Part 2 explores cognitive biases that we have.Taleb shares his trading strategy that is based on suffering frequent small losses, but winning a few very large gains. Part 1 explains uncommon ideas on probability.On the other hand, people who do not practice trading may oversimplify Taleb’s ideas into common sense mottos like “bad things happen” and “success is all random.” I think they are most likely to miss the value. They have probably seen many smart people making the errors described in this book. I think people who have some experience in financial trading may find Taleb’s ideas more valuable. ![]() So who is right? The fans or the critics? Others say his writing is full of pride and repetition. Some people believe he’s an original thinker that revolutionized their understanding of the world. At least, that was my impression reading about this book online. ![]()
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