Profiting from the Unexpected
An new version of Nassim Nicholas Taleb's Fooled by Randomness has been released. He discusses how bets on rare events can pay off
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By Amey Stone
Here's an experiment -- safe to try yourself at home -- that illustrates the thinking of Nassim Nicholas Taleb, a trader, professor, philosopher, and author of Fooled by Randomness (Random House, 2005), a newly updated book that became a cult favorite on Wall Street after it was first published in 2001.