Tuesday, January 02, 2007

Fooled by Randomness- We all are!

One of the best books I read in 2006 was "Fooled by Randomness; The Hidden Role of Chance in Life and in the Markets" by Nassim Nicholas Taleb.

For 46 years, I have been fooled and I will continue to be so but now atleast I know that fact.

When I heard stochastic process in inventory control, I could not have guessed how they drive my life!


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