"Fooled by Randomness" and "The Black Swan" should be read by any and every individual who wants to make a living in finance and economics. His insights are extremely valuable and help us remember to stay humble and cautious. Black swans may be rare, but they do occur. Sometimes randomness makes us feel on top of the world. Both of these things should be remembered.
Both of his books were entertaining, but a little overly verbose. You don't necessarily need to read both of his entire books to get the points he is trying to make. I recommend saving yourself some time by reading ABOUT the books instead of the entire books themselves.
I like his ideas of "robustificaton" and of trying to figure out how to live in a world we don't understand. This view seems to contradict Milton Freedman's idea that models don't necessarily need to be able to be realistic, but should instead be graded on their ability to predict the world. I'm excited to see where Taleb goes with his current ideas, but I'm afraid it may get too complicated for him to complete a framework I'm able to understand.
He really is a great thinker and on the edge of current thought. He's also somewhat on the fringe. The combination is perfect.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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