It got a big push in the spring of 2002, when its author, a Lebanon-born, Wharton-educated options trader turned philosopher named Nassim Nicholas Taleb, was profiled by Malcolm Gladwell in The New Yorker. Despite its proximity to that awful event - and despite the fact that its original publisher, Texere, was an obscure imprint that was quickly swallowed up by a larger company - "Fooled by Randomness" became a word-of-mouth sensation on Wall Street. The hardback edition came out in 2001, right around 9/11. I've been hearing about this book for the last couple of years. Taleb believes that prizes, honorary degrees, awards, and ceremonialism debase knowledge by turning it into a spectator sport.A FEW weeks ago, the paperback edition of "Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets" landed on my desk, more or less hot off the press.
His current focus is on the properties of systems that can handle disorder ("antifragile"). Taleb is currently Distinguished Professor of Risk Engineering at NYU's Tandon School of Engineering (only a quarter time position).
In addition to his trader life, Taleb has also written, as a backup of the Incerto, more than 50 scholarly papers in statistical physics, statistics, philosophy, ethics, economics, international affairs, and quantitative finance, all around the notion of risk and probability.
Taleb is the author of a multivolume essay, the Incerto (The Black Swan, Fooled by Randomness, Antifragile, and Skin in the Game) an investigation of opacity, luck, uncertainty, probability, human error, risk, and decision making when we don’t understand the world, expressed in the form of a personal essay with autobiographical sections, stories, parables, and philosophical, historical, and scientic discussions in nonover lapping volumes that can be accessed in any order. Nassim Nicholas Taleb spent 21 years as a risk taker (quantitative trader) before becoming a flaneur and researcher in philosophical, mathematical and (mostly) practical problems with probability.
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