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.
Quotes
Practical lesson: separate skill from luck.
Practical lesson: identify bias before deciding.
Practical lesson: design rules against emotional reactions.
Practical lesson: judge process rather than outcome alone.
These are practical paraphrases, not verbatim quotations.