I wanted to share a summary of a series of book written by the greatest living philosopher Nassim Nicholas Taleb. He created the Incerto series, which is 5 separately published books. Fooled by randomness, The black swan, the bed of procrustes and Anti Fragile.
Anyway firstly I urge you to read fooled by randomness, in the book he writes of:
- Alterenate histories
- Hindsight Bias
- Survivorship Bias
- Regression to the mean
- First Principle thinking
- Traits of the market fool
If you can please read fool by randomness, I would go as far to say it will change your life. Then again I think every book changes your life so what do I know. Let me leave you with a beautiful quote that you should heed if you take nothing else from today’s jottings.