Fooled by Randomness
Tuesday, August 14th, 2007Randomness and causality
All my life I have been a late developer, and it’s never really bothered me. I was close to being the shortest kid in my school year until I reached 16, and then suddenly grew to one of the tallest. I founded ClickTracks long after other web analytics products seemed to make the market space impenetrable, and yet ClickTracks established a firm position. While there is such a thing as first mover advantage, more often than people give credit you’re actually better off examining the successes and failures of others and learning before you move.
I therefore hope a recent discovery of mine will be seen as late mover advantage, and not that I am hopelessly behind the times. I was browsing a bookshop and picked up, at random, a book named ‘Fooled By Randomness’ by Nassim Nicholas Taleb. I have been enraptured by the insight, eloquence and sheer intellect of this author. If you’re reading this article then I assume you need to make rational, data driven choices, in which case you simply must read this book now. If you’ve already read it, forgive me.

