Yet another great work from Taleb. He brings numerous pearls of wisdom throughout the book, which are reason enough to read it, even if he doesn’t add any theoretical knowledge to you repertoire: his discussion alone of the applicability of a number of theoretical concepts (mostly derived from Hume’s “Problem of Induction”) is worth the book. I would also highlight:
- his explanations on the different estates of reality and how it’s difficult to assess luck (a more refined explanation of the main topic of “Fooled by Randomness”)
- how nonlinear effects are prevalent in modern society.
- How Gaussian statistics may be an elegant, but wrong, description of reality and how using it can be downright dangerous
- Multitude of examples on how our behavioral biases reinforce those phenomena and lull us into a false sense of security and control.
- Discussions on the “ludic fallacy”, the limited capability we have in forecasting and mistaking absence of evidence for evidence of absence.
If you’re looking for the “best” blend between practical advice and philosophical inquiry in Taleb’s works, I would recommend this book. It’s clear that some of his opinions from his first book have evolved, either from experience or from reading more broadly. While I still vouch for Antifragile message as the more refined and broad view of Taleb’s interpretation of reality, this book is more focused on the implementation on financial markets. Nonetheless, I would argue that the reader would be better by reading every book in the Incerto series, since it provides numerous interpretations on the effects of nonlinearity.
Also, read the footnotes and the notes at the end of the book: they contributed greatly to my understanding of certain topics. Additionally, they provide valuable sources for the many interesting topics the book deals with. My reading list certainly benefited from that.
The hardcover edition from Random House is great, with thick paper, good spacing and large font, making the reading experience much easier.
- Capa comum: 480 páginas
- Editora: Penguin; Edição: 01 (28 de fevereiro de 2008)
- Idioma: Inglês
- ISBN-10: 0141034599
- ISBN-13: 978-0141034591
- Dimensões do produto: 3 x 12,7 x 19,6 cm
- Peso de envio: 340 g
- Avaliações dos clientes: 1.415 classificações de cliente
- Lista de mais vendidos da Amazon: Nº 262,609 em Livros (Conheça o Top 100 na categoria Livros)