This was a sobering read especially when taking my finance course. Although we haven't touched investing yet, the biggest takeaway is not to always think that everything conforms to the bell curve. There is quite some discussion on fractal geometry on financial modelling, but I'm afraid there are limits to my understanding based on my limited applied math ability. However, the book is meant for the "average" person, so there are still benefits to non-finance people like me in reading it. One major concept I've taken from this book is considering parallels of financial markets to athlete development. Talent identification sometimes feels a bit like picking stocks, and though they measure different things, how do we really know that the measurements give an accurate representation of reality? Do we also make the same mistake and put athletes on a bell curve as well when it may be closer to a power law? I suppose more knowledge reminds us how there is always so much more to learn. I will have to revisit this concept.
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