<p>^this is a really profound, life changing book that I’m mass posting on some college friend’s walls (that’s why it’s not specifically directed at anybody)…I’m really not trying to be pretentious, it’s just that like a Christian missionary gives out bibles, I want to help pass along something that will hopefully help improve the outcome of your life</p>
<p>^it’s actually philosophy more than anything. It has application for anything in life that invloves probabalisitc reasoning skill. It helps distinguish randomness/stat. noise from skill and explains the fallicious ways humans misinterpret luck as skill or will power as a result of heuristic biases. He goes into explanations of various philosophers take on chance, than looks at the effect of low probabiltiy events on markets and the hubris of speculators. Then he explains how stochastics and monte carlo simulation can help to better understand the various possible sample paths that result from randomness. He looks at math/financial economics from more of a philosophical perspective than techincal-but it’s not a light read. It’s very rewarding, because it applies to everything you do. Hopefully, you will be able to make better decisions.</p>