Title: Noise-to-signal ratio too high
Product review: The endless ego-centric platitudes in this book raise its overall noise-to-signal ratio to the point where the reader wastes too much time in getting its basic message: that life and the financial markets are ruled by randomness and that our brains are not equipped to properly assess probabilistic situations and avoid making wrong decisions. The book provides precious little practical advice on how to cope with financial randomness, other perhaps than reading The Economist instead of the daily financial press: essentially Odysseus' way of waxing his ears in order not to to fall prey to the sirens' songsI would recommend Peter Bernstein's "Against the Gods" instead as a means to learn considerably more about the role of chance in the markets.
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