This book, by Nassim Nicholas Taleb, was very entertaining and definitely influenced my way of thinking. That being said, the whole work was not completely relevant to trading and where it was, it tended to be redundant. The whole book can probably be boiled down to the single lesson of keeping an open mind. The difference though is that this one lesson that I'm sure everyone has heard, is now being framed in the context of probability which is what makes this book unique.
I would definitely recommend reading this but it is probably best suited to the coffee table rather than your bookshelf of trading materials. The author himself is, or rather was, a trader though so it's not as if the book never relates the ideas back to trading. It does on occasion but the lessons are so broad that they aren't really able to be applied to single trades. Rather, the hope is that you will alter your mindset so as to trade more carefully and understand the influence of what seems highly unlikely.
No comments:
Post a Comment