Indy Telecom & Industrial Media

Today, I was hanging out with some of Beck’s friends (who, ironically enough, are detectives at the Cincinnati PD) and I absent-mindedly forgot my copy of Fooled by Randomness at the local Starbucks.

I went looking for it and asked the people at Starbucks if they’d seen it around. Sean, the ever-insightful barista, returned the book with a quip –

“You’ve gotta watch out for that random chance when things go wrong, man.”

Indeed.

Is it me or does it seem like there is something to be said about Taleb’s rants against the traditional practices of Wall Street traders and progressive betting in Blackjack?

The fact that progressions cannot overcome expectation is also rather interesting, given the way some institutions work.