Friday, March 6, 2009

Reading List for Mar'09

Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets
Last month, I read Nassim Taleb's Black Swan: The Impact of Highly Improbable. It was a tough read. Though enjoyable and insightful, it left my head spinning on several occasions. It was natural then, to read Taleb's first book - Fooled by Randomness. In this book, Taleb, a professional trader and mathematics professor, examines what randomness means in business and in life and why human beings are so prone to mistake dumb luck for consummate skill.



Outliers: The Story of Success
Malcom Gladwell (author of Tipping Point and Blink) in this book poses a provocative question in Outliers: why do some people succeed, living remarkably productive and impactful lives, while so many more never reach their potential? Challenging our cherished belief of the "self-made man," he makes the democratic assertion that superstars don't arise out of nowhere, propelled by genius and talent: "they are invariably the beneficiaries of hidden advantages and extraordinary opportunities and cultural legacies that allow them to learn and work hard and make sense of the world in ways others cannot."



A Briefer History of Time
I had tried reading Stephan Hawking's earlier book A Brief History of Time. I found it a very tough read. When I saw this book, I jumped on it and hope that it would make an interesting and easier read. The book essentially answers the question on the universe: where it's going and how it began, discussed at length are the mysterious dark matter and dark energy-both of which can only be observed by their gravitational effects and are believed to make up 90 percent of the universe. Physics and Mathematics were my favourites while I was studying and I now plan to get back in touch with some Physics again.

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