Fooled By The Winners
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Author | : David Lockwood |
Publisher | : Greenleaf Book Group |
Total Pages | : 317 |
Release | : 2021-11-09 |
Genre | : Social Science |
ISBN | : 1626348812 |
Fooled by the Winners will change the way you think about the stock market, health care, global warming, diets, lotteries, restaurants, and your siblings. It will reshape your perspective of the past and give you a clearer view of the future. Fooled by the Winners is a book about survivor bias, the cognitive error of focusing on the winners, the successes, and the living. But in many instances, we can learn more from those who have lost, failed, or died. After reading this book, you will understand how survivor bias is often used to deceive us. You will learn how to stop paying for financial services that promise more than they deliver, for health care that doesn’t make us healthier, for diets that don’t make us slimmer, and for advice books that don’t offer good advice. You will also come away with a different view of our past, including our perilous evolutionary journey and how history has often been written by the winners. You will come to understand how we are fooled by the winners in warfare, such as in the deployment of nuclear weapons and the most famous example of survivor bias—the missing Allied bombers of WWII. Previous studies of survivor bias have been inaccessible to most, housed in formula-laden statistical journals. But you won’t find any math or technical jargon here. David Lockwood, a former member of the faculty of the Graduate School of Business at Stanford University, applies the concept of survivor bias to specific, real-world examples—minus the equations. Through compelling analysis and the real-life stories, this book demonstrates the deceptive influence of survivor bias in our daily lives and on our thinking.
Author | : Nassim Nicholas Taleb |
Publisher | : Random House |
Total Pages | : 369 |
Release | : 2008-10-14 |
Genre | : Business & Economics |
ISBN | : 1588367673 |
Fooled by Randomness is a standalone book in Nassim Nicholas Taleb’s landmark Incerto series, an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision-making in a world we don’t understand. The other books in the series are The Black Swan, Antifragile, Skin in the Game, and The Bed of Procrustes. Fooled by Randomness is the word-of-mouth sensation that will change the way you think about business and the world. Nassim Nicholas Taleb–veteran trader, renowned risk expert, polymathic scholar, erudite raconteur, and New York Times bestselling author of The Black Swan–has written a modern classic that turns on its head what we believe about luck and skill. This book is about luck–or more precisely, about how we perceive and deal with luck in life and business. Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill–the world of trading–Fooled by Randomness provides captivating insight into one of the least understood factors in all our lives. Writing in an entertaining narrative style, the author tackles major intellectual issues related to the underestimation of the influence of happenstance on our lives. The book is populated with an array of characters, some of whom have grasped, in their own way, the significance of chance: the baseball legend Yogi Berra; the philosopher of knowledge Karl Popper; the ancient world’s wisest man, Solon; the modern financier George Soros; and the Greek voyager Odysseus. We also meet the fictional Nero, who seems to understand the role of randomness in his professional life but falls victim to his own superstitious foolishness. However, the most recognizable character of all remains unnamed–the lucky fool who happens to be in the right place at the right time–he embodies the “survival of the least fit.” Such individuals attract devoted followers who believe in their guru’s insights and methods. But no one can replicate what is obtained by chance. Are we capable of distinguishing the fortunate charlatan from the genuine visionary? Must we always try to uncover nonexistent messages in random events? It may be impossible to guard ourselves against the vagaries of the goddess Fortuna, but after reading Fooled by Randomness we can be a little better prepared. Named by Fortune One of the Smartest Books of All Time A Financial Times Best Business Book of the Year
Author | : Shane Parrish |
Publisher | : Penguin |
Total Pages | : 209 |
Release | : 2024-10-15 |
Genre | : Business & Economics |
ISBN | : 0593719972 |
Discover the essential thinking tools you’ve been missing with The Great Mental Models series by Shane Parrish, New York Times bestselling author and the mind behind the acclaimed Farnam Street blog and “The Knowledge Project” podcast. This first book in the series is your guide to learning the crucial thinking tools nobody ever taught you. Time and time again, great thinkers such as Charlie Munger and Warren Buffett have credited their success to mental models–representations of how something works that can scale onto other fields. Mastering a small number of mental models enables you to rapidly grasp new information, identify patterns others miss, and avoid the common mistakes that hold people back. The Great Mental Models: Volume 1, General Thinking Concepts shows you how making a few tiny changes in the way you think can deliver big results. Drawing on examples from history, business, art, and science, this book details nine of the most versatile, all-purpose mental models you can use right away to improve your decision making and productivity. This book will teach you how to: Avoid blind spots when looking at problems. Find non-obvious solutions. Anticipate and achieve desired outcomes. Play to your strengths, avoid your weaknesses, … and more. The Great Mental Models series demystifies once elusive concepts and illuminates rich knowledge that traditional education overlooks. This series is the most comprehensive and accessible guide on using mental models to better understand our world, solve problems, and gain an advantage.
Author | : Fredrik Backman |
Publisher | : Simon and Schuster |
Total Pages | : 688 |
Release | : 2022-09-27 |
Genre | : Fiction |
ISBN | : 1982112816 |
Return to the close-knit, resilient community of Beartown with this “engrossing page-turner” (Woman’s World) about first loves, second chances, and last goodbyes—from the #1 New York Times bestselling author of Anxious People and A Man Called Ove. Over the course of two weeks, everything in Beartown will change. Two years have passed since the events that no one wants to think about. Everyone has tried to move on, but there’s something about this place that prevents it. The destruction caused by a ferocious late-summer storm reignites the old rivalry between Beartown and the neighboring town of Hed, a rivalry which has always been fought through their ice hockey teams. Maya Andersson and Benji Ovich, two young people who left in search of a better life, come home and joyfully reunite with their closest childhood friends. There is a new sense of optimism and purpose in the town, embodied in the impressive new ice rink that has been built down by the lake. Maya’s parents, meanwhile, are caught up in an investigation of the hockey club’s murky finances, and Amat—once the star of the Beartown team—has lost his way after an injury and a failed attempt to get drafted into the NHL. Simmering tensions between the two towns turn into acts of intimidation and then violence. All the while, a fourteen-year-old boy grows increasingly alienated from this hockey-obsessed community and is determined to take revenge on the people he holds responsible for his beloved sister’s death. He has a pistol and a plan that will leave Beartown with a loss that is almost more that it can stand. Discover what it means to forgive with this “hell of a conclusion to an outstanding series” (Booklist, starred review).
Author | : |
Publisher | : Macmillan |
Total Pages | : 52 |
Release | : 1987-05 |
Genre | : Juvenile Fiction |
ISBN | : 0374424381 |
When the Czar proclaims that he will marry his daughter to the man who brings him a flying ship, the Fool of the World sets out to try his luck and meets some unusual companions on the way.
Author | : Marie Rutkoski |
Publisher | : A&C Black |
Total Pages | : 369 |
Release | : 2014-04-10 |
Genre | : Young Adult Fiction |
ISBN | : 1408858215 |
THE FIRST BOOK IN THE HEART-STOPPING WINNER'S TRILOGY: an irresistible story of forbidden romance and class warfare 'Every line in The Winner's Curse is beautifully written. The story is masterfully plotted. The characters' dilemmas fascinated me and tore at my heart... I loved it. I want more.' Kristin Cashore, author of the Graceling Realm books Winning what you want may cost you everything you love. As a general's daughter in a vast empire that revels in war and enslaves those it conquers, Kestrel has two choices: she can join the military or get married. Kestrel has other ideas. One day, she is startled to find a kindred spirit in Arin, a young slave up for auction. Following her instinct, Kestrel buys him - and for a sensational price that sets the society gossips talking. It's not long before she has to hide her growing love for Arin. But he, too, has a secret and Kestrel quickly learns that the price she paid for him is much higher than she ever could have imagined. The first novel in a stunning trilogy, The Winner's Curse is a story of romance, rumours and rebellion, where dirty secrets and careless alliances can be deadly – and everything is at stake.
Author | : Nassim Nicholas Taleb |
Publisher | : Random House |
Total Pages | : 1253 |
Release | : 2016-01-26 |
Genre | : Business & Economics |
ISBN | : 0812997697 |
Nassim Nicholas Taleb’s landmark Incerto series is an investigation of luck, uncertainty, probability, opacity, human error, risk, disorder, and decision-making in a world we don’t understand, in nonoverlapping and standalone books. All four volumes—Antifragile, The Black Swan, Fooled by Randomness, and the expanded edition of The Bed of Procrustes, updated with more than 50 percent new material—are now together in one ebook bundle. ANTIFRAGILE “Startling . . . richly crammed with insights, stories, fine phrases and intriguing asides.”—The Wall Street Journal Just as human bones get stronger when subjected to stress and tension, many things in life benefit from disorder, volatility, and turmoil. What Taleb has identified and calls “antifragile” is that category of things that not only gain from chaos but need it in order to survive and flourish. The resilient resists shocks and stays the same; the antifragile gets better and better. What is crucial is that the antifragile loves errors, as it incurs small harm and large benefits from them. Spanning politics, urban planning, war, personal finance, economic systems, and medicine in an interdisciplinary and erudite style, Antifragile is a blueprint for living in a Black Swan world. THE BLACK SWAN “[A book] that altered modern thinking.”—The Times (London) A black swan is a highly improbable event with three principal characteristics: It is unpredictable; it carries a massive impact; and, after the fact, we concoct an explanation that makes it appear less random and more predictable. The astonishing success of Google was a black swan; so was 9/11. In this groundbreaking and prophetic book, Taleb shows that black swan events underlie almost everything about our world, from the rise of religions to events in our own personal lives, and yet we—especially the experts—are blind to them. FOOLED BY RANDOMNESS “[Fooled by Randomness] is to conventional Wall Street wisdom approximately what Martin Luther’s ninety-five theses were to the Catholic Church.”—Malcolm Gladwell, The New Yorker Are we capable of distinguishing the fortunate charlatan from the genuine visionary? Must we always try to uncover nonexistent messages in random events? Fooled by Randomness is about luck: more precisely, about how we perceive luck in our personal and professional experiences. Set against the backdrop of the most conspicuous forum in which luck is mistaken for skill—the markets—Fooled by Randomness is an irreverent, eye-opening, and endlessly entertaining exploration of one of the least understood forces in our lives. THE BED OF PROCRUSTES “Taleb’s crystalline nuggets of thought stand alone like esoteric poems.”—Financial Times This collection of aphorisms and meditations expresses Taleb’s major ideas in ways you least expect. The Bed of Procrustes takes its title from Greek mythology: the story of a man who made his visitors fit his bed to perfection by either stretching them or cutting their limbs. With a rare combination of pointed wit and potent wisdom, Taleb plows through human illusions, contrasting the classical views of courage, elegance, and erudition against the modern diseases of nerdiness, philistinism, and phoniness.
Author | : Joanna Elm |
Publisher | : CamCat Publishing, LLC |
Total Pages | : 375 |
Release | : 2022-03-01 |
Genre | : Fiction |
ISBN | : 0744304814 |
Some killers are born. Others are made. As a rookie tabloid reporter, Jenna Sinclair made a tragic mistake when she outed Denny Dennison, the illegitimate son of an executed serial killer. So she hid behind her marriage and motherhood. Now, decades later, betrayed by her husband and resented by her teenage daughter, Jenna decides to resurrect her career—and returns to the city she loves. When her former lover is brutally assaulted outside Jenna’s NYC apartment building, Jenna suspects that Denny has inherited his father’s psychopath gene and is out for revenge. She knows she must track him down before he can harm his next target, her daughter. Meanwhile, her estranged husband, Zack, fears that her investigative reporting skills will unearth his own devastating secret he’d kept buried in the past. From New York City to the remote North Fork of Long Island and the murky waters surrounding it, Jenna rushes to uncover the terrible truth about a psychopath and realizes her own investigation may save or destroy her family.
Author | : Richard Russo |
Publisher | : Vintage |
Total Pages | : 495 |
Release | : 2016-05-03 |
Genre | : Fiction |
ISBN | : 1101946962 |
NATIONAL BESTSELLER • The Pulitzer Prize–winning author of Empire Falls returns to North Bath, the Rust Belt town first brought to unforgettable life in Nobody’s Fool. Now, ten years later, Doug Raymer has become the chief of police and is tormented by the improbable death of his wife—not to mention his suspicion that he was a failure of a husband. Meanwhile, the irrepressible Sully has come into a small fortune, but is suddenly faced with a VA cardiologist’s estimate that he only has a year or two left to live. As Sully frantically works to keep the bad news from the important people in his life, we are reunited with his son and grandson . . . with Ruth, the married woman with whom he carried on for years . . . and with the hapless Rub Squeers, who worries that he and Sully aren’t still best friends. Filled with humor, heart, and hard-luck characters you can’t help but love, Everybody’s Fool is a crowning achievement from one of the great storytellers of our time. Look for Everybody’s Fool, available now, and Somebody’s Fool, coming soon.
Author | : Lisa Thompson |
Publisher | : Scholastic UK |
Total Pages | : 231 |
Release | : 2020-01-02 |
Genre | : Juvenile Fiction |
ISBN | : 0702301167 |
The brand new, read-in-one-sitting mystery from the bestselling author of THE GOLDFISH BOY. When a little white lie leads to a huge dose of trouble... Cole is the odd one out at school: the other kids have the latest gadgets and trainers while his family struggles to make ends meet. Until the day one of his paintings is talent-spotted and sells for thousands of pounds at a posh London gallery. Suddenly, Cole is the toast of the international art world, the star guest on TV shows, rich beyond his wildest dreams, hailed as a boy genius! Being famous is FANTASTIC... but Cole has a guilty secret that if exposed will bring everything crashing down around him... A story of fame and fortune, making mistakes and learning to be true to yourself.