Title: Random Musings
Product review: As other reviewers have pointed out, this book is not a trading manual. If you are looking for usable market techniques, look elsewhere. However, for those with a classical bent, who enjoy the history of ideas and occasionally even wonder about topics more metaphysical than where the Dow closed today, this is a nice read. Mr. Taleb selects a few lessons from probability theory as applied to the markets, and illustrates them with characters drawn (presumably) from his own life or from his considerable literary knowledge. We learn, for example, why if we watch our portfolios too closely we may be unhappy even with a winning record, why working hard to get that home in the best neighborhood may make our lives miserable, and how our best hope against the depredations of Fortune is personal dignity. Read this for perspective, not portfolio advice.
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