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Money psychology2001

Fooled by Randomness

Nassim Nicholas Taleb

Helps investors separate skill from luck, understand outcome bias, and stay cautious with strategies that only look good in short samples.

Author

Nassim Nicholas Taleb is the author of `Fooled by Randomness`. The book reflects an approach centered on how to separate skill from luck and identify bias before deciding.

Evaluate the framework separately from the author's reputation, and test each recommendation in the current context.