
Chosen by shared topics, the entries that hold them, and the people who recommended both.
Why people mistake luck for skill, above all in markets.
“Fooled by Randomness is a serious, intellectually sophisticated book, well worth reading carefully. At times, the book is condescending. Nevertheless, there are some great insights.” — Barton Biggs
Source: Biggs on a sophisticated book worth reading carefully
Recommended by: Barton Biggs, Michael Mauboussin and 11 others
Bevelin distilling observation and inference habits from Sherlock Holmes
Recommended by: Mohnish Pabrai, Patrick O'Shaughnessy and 1 other
Recommended by: Mohnish Pabrai
Recommended by: Patrick Collison
Complex problems yield to trial and error, not expert plans, and how to run it.
Recommended by: Mohnish Pabrai, Patrick O'Shaughnessy
How people learned to measure risk, from early probability to portfolio theory.
“I think some of the books that are a must would be Peter Bernstein's book about risk, Against the Gods: The Remarkable Story of Risk.” — Charles de Vaulx
Source: De Vaulx naming Bernstein's book a must-read on risk
Recommended by: Charles de Vaulx, Jim Collins and 8 others
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