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.
FAQ
When should I read it?
When you need a clearer framework to separate skill from luck.
Can I copy it exactly?
No. Test its assumptions against your costs, taxes, legal setting, and risk capacity.
What should I do after reading?
Write three principles, one checklist, and one real decision to test.