How many books are so good that you've read them more than once? For me, not many lately. An exception is Nassim Taleb's "Fooled By Randomness". I expect its sequel, "The Black Swan", will fall in the same category. The guy's thinking is so powerful, unique and relevant to the trader that there is no comparison.
Here's (click here) a link to an hour long interview of Nassim Taleb by Russ Roberts of Econtalk. This is probably the best interview I've ever found on the Internet. I listened to it again (actually twice) this last week. The concepts are so fascinating and so relevant for a trader.
My favorite quote is "Fifty sigmas, no problem". Just try to get Excel to calculate the probability of a 50 sigma event with a normal distribution!
By the way, if you want to try something cool, go to trends.google.com and try out "Black Swan".
Enjoy,
MontyHigh
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