Book Review of Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets. By Nassim Nicholas Taleb (2204)

Banerji comments that Taleb's book "is really an engaging but idiosyncratic, opinionated essay on why people, including professional forecasters, are bad at prediction." Taleb "provides wide-ranging, anecdotal, logical and scientific evidence of misperceptions about the role of randomness in determining outcomes. He also states that "success in life-and even more so in the financial markets-is all too often the result of luck rather than skill." Copyright International Institute of Forecasters, 2006