Here are 100 books that Fooled by Randomness fans have personally recommended if you like
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After graduating from the University of Illinois in 1989 with an LAS degree in communications and a knack for artwork, I had no idea what I wanted to do. That was until my brother pulled me from my low-paid art job in Chicago to work as a clerk on the floor of the Chicago Mercantile Exchange. I eventually became a trader on that same floor, as well as an oil and gas dealer in New York. Screaming and yelling in the trading pits while money moved back and forth with a shout and a hand signal I learned more about investing, trading, and human nature through osmosis than I ever could in an MBA course.
This fascinating read tells the story of the rise and then spectacular fall of the once celebrated hedge fund Long-Term Capital Management.
What made LTCM so attractive to Wall Street investors was its stable of "dream team" quants and financial minds, led by the laconic John Merriweather. Merriweather (featured in the opening Chapter of Liar's Poker)Ā was a former Solomon Brothers bond-trading guru, who after leaving the firm amid a scandal managed to assemble a team of financial powerhouses that included two Nobel LaureatesĀ as well as a cadreĀ of respected traders.
From 1993 to 1997 LTCM's returns were first-rate; the sky seemed the limit for this small band of supertraders, professors, and modelers who arrogantly considered themselves a cut above the rest of The Street.
But in 1998, it all came crashing down...and right quick. Having believed their financial models could accurately predict price action not just inā¦
Picking up where Liar's Poker left off (literally, in the bond dealer's desks of Salomon Brothers) the story of Long-Term Capital Management is of a group of elite investors who believed they could beat the market and, like alchemists, create limitless wealth for themselves and their partners.
Founded by John Meriweather, a notoriously confident bond dealer, along with two Nobel prize winners and a floor of Wall Street's brightest and best, Long-Term Captial Management was from the beginning hailed as a new gold standard in investing. It was to be the hedge fund to end all other hedge funds: aā¦
It is April 1st, 2038. Day 60 of China's blockade of the rebel island of Taiwan.
The US government has agreed to provide Taiwan with a weapons system so advanced that it can disrupt the balance of power in the region. But what pilot would be crazy enough to runā¦
I am a scientist, educator, successful entrepreneur, and author. I believe that human civilization is threatened by the wonderful and dangerous technologies that we created in the last two centuries: fossil fuels, nuclear weapons, gene editing, AI, and social media. As a creator of technologies, I feel responsible that more hasnāt been done to properly control them. My current mission is to sound an alarm about the potential tyranny of technology through my novels, 100 Years to Extinction and the sequel, 12 Years to AI Singularity, on my website and on social media. While the recommended books on my list are nonfiction, my fictional story presents the science and technology accurately as nonfiction would.
As in my second recommendation, Harari adds the historical perspective to humanityās survival.
The coming battle with AI is just the latest for humans. One hundred thousand years ago, at least six humanoid species inhabited the Earth and battled for survival. Today there is just one. Us. Homo sapiens.
Harari does a beautiful job of explaining how our species succeed in the battle for dominance. He describes how our foraging ancestors come together to create cities and kingdoms; how did we come to believe in gods, nations, and human rights; to trust money, books, and laws; and to be enslaved by bureaucracy, timetables, and consumerism?
We need to understand our past to properly control our future with AI.
100,000 years ago, at least six human species inhabited the earth. Today there is just one. Us. Homo sapiens. How did our species succeed in the battle for dominance? Why did our foraging ancestors come together to create cities and kingdoms? How did we come to believe in gods, nations and human rights; to trust money, books and laws; and to be enslaved by bureaucracy, timetables and consumerism? And what will our world be like in the millennia to come?
In Sapiens, Dr Yuval Noah Harari spans the whole of human history, from the very first humans to walk theā¦
As an attorney, former TV broadcaster, and workplace consultant, Iāve devoted my career to empowering women and confronting systemic inequities. My passion stems from personal experience navigating the complexities of workplace harassment, which inspired me to write my book and guide others through similar challenges. I am continually drawn to books that illuminate the hidden power structures and offer practical tools for resilience, empowerment, and self-advocacy. The works on this list have profoundly shaped my perspective, providing inspiration and clarity in both my professional and personal journey. I hope they resonate with you as deeply as they have with me.
This book completely reframed how I see the world. Perez dives into the pervasive gender data gaps that impact everything from workplace policies to public health. Her meticulous research and compelling examples made me realize how much of our world is designed without women in mind. Itās equal parts infuriating and enlightening, and it left me determined to question systems that perpetuate inequality.
This book is a must-read for anyone who wants to understand the hidden ways gender bias shapes our lives.
Winner of the 2019 Financial Times and McKinsey Business Book of the Year Award Winner of the 2019 Royal Society Science Book Prize
Data is fundamental to the modern world. From economic development, to healthcare, to education and public policy, we rely on numbers to allocate resources and make crucial decisions. But because so much data fails to take into account gender, because it treats men as the default and women as atypical, bias and discrimination are baked into our systems. And women pay tremendous costs for this bias, in time, money, and often with their lives.
Dr. Power is promoted to a chair of forensic psychiatry at Allminster University and selected by the Vice Chancellor for a key task which stokes the jealousy of the Deans, and he is plunged into a precariously dangerous situation when there is a series of deaths and the deputy Viceā¦
As a child, I often wondered why people behave as they do, think and believe in certain ways, and/or rationalize away their behavior, ranging from the criminal to the bizarre. I have researched and studied the mind for nearly fifty years now. I have written or co-authored more than twenty books on the subject.
My new book, Mind Training, co-authored with my wife and student of over thirty years, is the culmination of everything weāve learned. In reality, it's a story that crosses over many disciplines, cites over 200 studies, offers multiple tools for empowerment in every chapter, and does so in the personable and friendly manner that my co-author is so very good at doing.
Daniel Kahnemanās book is a must read for all who desire to understand their mind/brains and thereby maximize the use of the mindās power over our lives.
In clear language, Daniel Kahneman illustrated the heuristic shortcuts that often limit our understanding and predispose our actions. We all hold onto outdated psychological mechanisms that create self-imposed limitations, and in doing so, we can find ourselves living out self-limiting lives.
Kahneman does an excellent job at showing us how we think we understand what we really donāt. His transparent and careful treatment of his subject has the potential to change how we think, not just about thinking, but about how we live our lives.
The phenomenal international bestseller - 2 million copies sold - that will change the way you make decisions
'A lifetime's worth of wisdom' Steven D. Levitt, co-author of Freakonomics 'There have been many good books on human rationality and irrationality, but only one masterpiece. That masterpiece is Thinking, Fast and Slow' Financial Times
Why is there more chance we'll believe something if it's in a bold type face? Why are judges more likely to deny parole before lunch? Why do we assume a good-looking person will be more competent? The answer lies in the two ways we make choices: fast,ā¦
The world of entrepreneurship has been my driving passion for decades. Why? It is entrepreneurs, despite their many quirks, who make the world a better place. Itās entrepreneurs who create jobs in a world where jobs in many places are in short supply. Itās entrepreneurs who wake up every day with a passion to forge their own path with the freedom to do so. And itās why I embarked at mid-life on a second career as a business-school professor. Itās why I teach and why I write. The books I suggest here will give you a fighting chance to deal effectively with the challenges youāll surely find along your entrepreneurial journey.
Jim Collinsā best book is the most pragmatic and most useful business book Iāve ever read. Period. From āgetting the right people on the busā to āthe hedgehog conceptā and more, the fundamentals entailed in creating a truly great business are all here. What more need I say?Ā
________________________________ Can a good company become a great one? If so, how?
After a five-year research project, Jim Collins concludes that good to great can and does happen. In this book, he uncovers the underlying variables that enable any type of organisation to make the leap from good to great while other organisations remain only good. Rigorously supported by evidence, his findings are surprising - at times even shocking - to the modern mind.
Good to Great achieves a rare distinction: a management book full of vital ideas that reads as well as a fast-paced novel. It is widely regardedā¦
I work in the venture capital (finance) space but have a long-time passion for and involvement with charity and philanthropy work, having founded several non-profits including most recently Lever Foundation which works to create a more humane and sustainable food system in Asia. Iām a big believer in and advocate for applying quantitative, analytical thinking and an outcome-focused mindset to efforts to make the world a better place. Itās something I think about every day, and itās what I write about as well.
Ray Dalio is one of the most successful hedge fund managers of all time. You might ask what that has to do with doing good in the world, but I think itās abundantly clear that many of the same principles and approaches that lead to quantifiable success in the business world can contribute to increased success in efforts to make the world a better place.
I donāt agree with Dalio on everything, but I found his core messages such as focusing on results, being direct and candid with colleagues, weighing the credibility of someoneās opinion based on their history of performance, and continually reassessing and adjusting our approach, very wise and a way of thinking and working that is too often absent in the charity sector.
"Significant...The book is both instructive and surprisingly moving." -The New York Times
Ray Dalio, one of the world's most successful investors and entrepreneurs, shares the unconventional principles that he's developed, refined, and used over the past forty years to create unique results in both life and business-and which any person or organization can adopt to help achieve their goals.
In 1975, Ray Dalio founded an investment firm, Bridgewater Associates, out of his two-bedroom apartment in New York City. Forty years later, Bridgewater has made more money for its clients than any other hedge fund inā¦
The Whale Surfaces follows a daughter of Holocaust survivors who tries to deal with trans-generational trauma.
From the age of eleven to 22, she struggles to be ānormalā and to conceal the demons haunting her. Her sensitivity to her parentsā past and to injustices everywhere prevents her from enjoying life.ā¦
When I was younger, I got into a lot of trouble.Ā Many good-hearted people helped me.Ā In part, this inspired me to become a clinical psychologist. When I was in graduate school at Harvard, I became disillusioned with clinical psychology and inspired to figure out why people are motivated to help others.Ā During this process, a lecturer from the Biology Department, Robert Trivers, approached me and we exchanged drafts of papers we were writing.Ā Triversā ideas caused me to see altruism and morality in an entirely different, and much more valid, way.Ā In Survival of the Virtuous I demonstrate how psychological findings on altruism and morality can be gainfully interpreted from an evolutionary perspective.Ā Ā
More than thirty years ago, when I was conducting research on the psychology of altruism and moral development, a biologist recommended that I read The Selfish Gene.Ā
Reading Dawkinsā book caused me to change my theoretical orientation completely.Ā It enabled me to see that if I wanted to understand altruism and morality, I needed to understand how the genes that guide the construction of the mental mechanisms that cause us to help others evolved.Ā
Although the title of the book implies that we are selfish by nature, the contents explain how selfish genes can guide the development of unselfish animals.Ā Ā
The million copy international bestseller, critically acclaimed and translated into over 25 languages.
As influential today as when it was first published, The Selfish Gene has become a classic exposition of evolutionary thought. Professor Dawkins articulates a gene's eye view of evolution - a view giving centre stage to these persistent units of information, and in which organisms can be seen as vehicles for their replication. This imaginative, powerful, and stylistically brilliant work not only brought the insights of Neo-Darwinism to a wide audience, but galvanized the biology community, generating much debate and stimulating whole new areas of research. Fortyā¦
Iāve spent my career studying the paradox that low-risk investing can lead to high returns. As an author and a multi-billion-dollar fund manager, Iāve seen firsthand how markets reward patience, discipline, and avoiding unnecessary risks. These books shaped my thinkingāchallenging conventional wisdom, deepening my understanding of risk, and reinforcing why defensive investing works. I love uncovering ideas that go against the grain, especially when theyāre backed by data. Whether youāre an investor or just fascinated by how we make decisions under uncertainty, these books will change the way you see marketsāand maybe even the way you invest.
Bogleās philosophy is simple yet powerful: focus on the long term, keep costs low, and let compounding do the heavy lifting. Iāve always believed that great investing is about avoiding unnecessary risks and staying disciplined, and Bogleās book distills that wisdom better than anyone else.
While I take a different approach than pure indexing, his principles of cost efficiency and long-term thinking are universal. Every investorāwhether a stock picker or a passive indexerāshould read this book at least once.
The best-selling index investing "bible" offers new information and is updated to reflect the latest market data The Little Book of Common Sense Investing is the classic guide to getting smart about the market. Legendary mutual fund veteran John C. Bogle reveals his key to getting more out of investing: low-cost index funds. Bogle describes the simplest and most effective investment strategy for building wealth over the long term: buy and hold, at very low cost, a mutual fund that tracks the S&P 500 Stock Index. Such an index portfolio is the only investment that guarantees your fair share ofā¦
Iām a mathematics professor who ended up writing the internationally bestselling novel The Death of Vishnu (along with two follow-ups) and became better known as an author. For the past decade and a half, Iāve been using my storytelling skills to make mathematics more accessible (and enjoyable!) to a broad audience. Being a novelist has helped me look at mathematics in a new light, and realize the subject is not so much about the calculations feared by so many, but rather, about ideas. We can all enjoy such ideas, and thereby learn to understand, appreciate, and even love math.
A primary reason to love math is because of its usefulness. This book shows two sides of mathās applicability, since it is so ubiquitously used in various algorithms.
On the one hand, such usage can be good, because statistical inferences can make our life easier and enrich it. On the other, when these are not properly designed or monitored, it can lead to catastrophic consequences. Mathematics is a powerful force, as powerful as wind or fire, and needs to be harnessed just as carefully.
Cathy OāNeilās message in this book spoke deeply to me, reminding me that I need to be always vigilant about the subject I love not being deployed carelessly.Ā Ā
'A manual for the 21st-century citizen... accessible, refreshingly critical, relevant and urgent' - Financial Times
'Fascinating and deeply disturbing' - Yuval Noah Harari, Guardian Books of the Year
In this New York Times bestseller, Cathy O'Neil, one of the first champions of algorithmic accountability, sounds an alarm on the mathematical models that pervade modern life -- and threaten to rip apart our social fabric.
We live in the age of the algorithm. Increasingly, the decisions that affect our lives - where we go to school, whether we get a loan, how much we pay for insurance - are being madeā¦
The Year Mrs. Cooper Got Out More
by
Meredith Marple,
The coastal tourist town of Great Wharf, Maine, boasts a crime rate so low you might suspect someoneās lying.
Nevertheless, jobless empty nester Mallory Cooper has become increasingly reclusive and fearful. Careful to keep the red wine handy and loath to leave the house, Mallory misses her happier selfāand soā¦
I was recruited right out of college to work at one of the largest data firms in the US., I went from new grad to consulting director in record time. Along the way, I read each of these books, which all played a critical part in my development and ability to continually adapt. Society only gets better if we collectively become better humans, and reading books, sharing ideas, discussing, and ultimately testing plans of action is how we get there. Weāre all in this together, and the more we read and share great ideas, the better we are all going to be in the long run.
I loved this book because the author has such an incredible, authentic voice. Being a professional poker player turned consultant; she helps readers get comfortable with not knowing the outcome, being uncertain, and ultimately getting used to the idea of placing bets.
I loved the book because it helped me relax. Rather than stressing if the countless decisions I made every day were the right ones, it helped me see that I was making bets, running experiments, and constantly testing what worked. It helped me take myself less seriously, and it helped me see that even if an experiment failed, it would provide valuable learning and growth. As she references from her time on the world poker circuit, losing is not the end of it as long as you learn from your losses.Ā
A Wall Street Journal bestseller, now in paperback. Poker champion turned decision strategist Annie Duke teaches you how to get comfortable with uncertainty and make better decisions.
Even the best decision doesn't yield the best outcome every time. There's always an element of luck that you can't control, and there's always information hidden from view. So the key to long-term success (and avoiding worrying yourself to death) is to think in bets: How sure am I? What are the possible ways things could turn out? What decision has the highest odds of success? Did I land in the unlucky 10%ā¦
