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Sad but True
STUNNING AND DISTURBING

Informative book - wider than title impliesSome parts of the trace ability aspect are limited, for example, how error tolerance build up affects the finial specs, which can be claimed.
Good introductory book, easy to read.
all you want to know about temperature calibration

Georgous!
THE NIGHT BEFORE CHRISTMASCHRISTMAS AND WHEN CHRISTMAS WAS OVER I WANTED TO PUT THE
BOOK IN THE ATTIC AND MY 8 YEAR OLD SON STOPPED ME WANTING
TO READ IT ALL YEAR LONG.ITS JUST A WONDERFUL BOOK FOR ALL
YEAR LONG!!


A Young Man's Journey with AIDSThis book is different in that the voice of the writer switches from Nick to his mother. His mother being the true author works to write the book as if her son had written it himself. I found this different and interesting.
I was really impressed with this book on the way that Nick's mother shows how she accepted the fact that she would have to bury her son. Luellen, Nick's mother, was a strict catholic but supported her son when he was sick and needed help the most. The book takes you through both Nick and Luellen's saga as he slowly slips away. I liked that the book told the story of what happened not just the facts that AIDS is deadly and very painful to the person and the family. I think that Luellen through the book portrays a normal person in a changing world, at the start she knew very little about AIDS and what medicine could be taken. She has general stereotypes about AIDS victims and has to break through them so that she can help her son. In the book page 98 Luellen is meeting with a doctor and the doctor wants to know what she thinks about her son possibly being gay and waits for a reaction. "Look, Doctor, no parent would want their child to be homosexual. In this world, all other things being equal, the life of a homosexual is much more difficult row to hoe than the life of a heterosexual...But if my son is gay, he's gay, and I would love him just the same." So as this shows Luellen accepts what has happened to her son and works to help him enjoy his life and helps Nick fight until the end.
I really enjoyed the book and think that it would be something great for everyone to read. One area of improvement would be that sometimes it switches between who is writing and makes it hard to understand. Other than that, I think it is a great new look to a very modern topic and something that everyone could benefit from reading.
Excellent and true

Blast into the Future
Truly a Classic!I especially recommend this book for those of us with short attention spans - it's only 140 pages (and that's the large print version). But don't get the wrong idea, this book still has more depth and creativity than most 500 page books i've read and is a great read, even compared with today's science fiction standards.
This book has to be considered a classic considering it spawned a whole genre of time traveling books, movies, and tv shows whcih imitated it. Get a hold of a copy and read it today!
Absolutely gorgeousNot just a greatly visualized and highly original piece of Science Fiction, Wells' novel remains timely in this day in age by tackling the disturbing question of man's ultimate fate in light of Charles Dawin's then revolutionary ideas as presented in THE ORIGIN OF THE SPECIES. Though typically we think of evolution as being linear, and POSITIVELY linear at that, in THE TIME MACHINE Wells addresses his anxiety that evolution may not always result in the positive progression of a species, but may, in fact, present just the opposite possibility - an eventual de-evolution, which Wells foresaw as the unavoidable social future of man, resultant of the extremely striated class structure and sociology of his times. Social politics aside, such is a piquant concept, and an enduring one that man still grapples with today, making this grandfather of Science Fiction worth another look.


Are they still witing this awful stuff?
The end is better then the beginningAbout halfway through the book we skip forward to the 1990's. Allie is now confined to a nursing home and suffering from Alzheimer's. Her husband reads her love story from a notebook everyday in the hopes of helping her remember who she is and who she loves. The identity of who her husband has been all these years is kept a secret until the very near the end of the book, and while it is quite obvious who he is, it really could have gone either way and still been a good book.
It's a story about true and long lasting love, apparently based on the author's own grandparents story. However, I found the sex scene grossly inappropriate for a story even loosly about his loved ones (really, do we need that many details? It's mainly gratuitous sex in a book...badly done). I found the rest of the story pretty good and mostly believable, although the end kind of lays in on a bit thick. For the most part, the second half of the story is far superior to the beginning, although the beginning is more romantic...or is it? You can decide that yourself.
This book is better then "Message in a Bottle" but I prefered "A Walk to Remember". However, I am still in search of good romance minus the smut that Sparks and many other authors find necessary. I'll just have to keep looking.
This one was enjoyable

Another romantic page-turner with an adventurous touch
I devoured this book!This novel grabs your attention immediately, as a young mother has an auto accident in the middle of a bad storm. She is knocked unconscious temporarily, and when she wakes up and turns around to check on her only passenger, her 4 yr. old son in the back youth car-seat, he is gone, the door open on his side. A volunteer fireman comes to her rescue and the story takes off from there as the search begins for Kyle, the young boy with learning disabilities, who can hardly talk, understand or be understood, making the search more intense for all involved. Tyler McAden is the fireman/rescuer of this woman, who puts himself in harm's way to rescue others and takes chances with his own life that even most firemen would not take. He is good at what he does, but the reader doesn't know what motivates and drives him until the end, and it is sooo moving, your heart just chokes up on you. The whole book has a lot of action, tender moments between its characters and is now my all-time favorite by Nicholas Sparks. I read the library's copy then went out and bought my own (yes, from Amazon) for my own library. Loved it!!
AMAZING!

Wait for the paperback .... then borrow it.
A superb modern western and morality tale
Fantastic Novel

Interesting enough - well told!
A great bookAnyway, let me start off with the characters. They're have thier own unique ways, but how they act is actually completely different from how they are described in the book. They describe Miles as a patient man and calm, but later in the book he doesn't seem that way, but when you read it you'll understand why.
As you know, Sparks writes love stories that usually seem to take our heart away. I've read all 5 of his books and I can easily say that this was better than his others in thought, but not better in emotion. This love story is action packed. I keep hoping for another book to touch me the way THE NOTEBOOK did or A WALK TO REMEMBER did.
Anyway it was okay, very discriptivc and he does get to the point in the story. While this was action packed, in the end it leaves you feeling apathy towards the characters. I would've enjoyed this book more (and given it five stars) if the characters were more interesting and weren't so dul all the time.
While the overall story is good and the story plays out great, its a little fast at times and completely misses one point (I mean some of the events in the story were completely forgotten and left me asking questions.), it usually did turn out to be okay in the end. Another thing that would've made this book better is if he could've focused more on the characters. I mean more than just dialouge. Unless a character was angry at another character you had no idea how they felt or what they wanted.
Overall the book is an entertaing read with a few flaws here and there, but the book itself is a good read.
An intelligent romance

Some interesting discussion, but plenty of Taleb's large egoAnd while the book does provide some of that, the valuable information is embedded in writing that is overly self-centered if not egomaniacal.
I'd like to point out that I REALLY wanted to love this book. But I didn't.
Taleb writes about interesting ways in which people do not understand randomness but he does it in a way which is unnecessarily insulting and condescending.
Even worse, I find him hypocritical. He spends a lot of energy talking about the value of being able to change one's mind, as well as the value of large sample sizes in probability-based decision making. But then he describes how far out of his way he goes to avoid information (which might cause him to change his mind or which would increase his sample size.) Further he implies that anyone who takes in certain information, like almost any form of news broadcast, must be an idiot and lives in a world of self-delusion.
Taleb writes like a smart but anti-social and holier-than-thou trader. He writes some very useful stuff about randomness and its misapplication in modern thinking. But then he goes on psychological tangents which are nothing more than trying (and failing) to find a mathematical basis on which to defend his personality foibles (flaws?).
He over-generalizes about trading in a style which he does not employ, i.e. selling premium or making bets based on past occurrences. He writes as if his way is the only way that makes sense, and implies that in the long run it is only because of randomness that anyone who does not trade the same way he does could be successful. ("Ergoditic" is definitely the best word in the book....)
Taleb gets very close to interesting discussions of a non-mathematical nature as well, such as the level of emotion involved with success or failure, as well as some interesting historical information. But he lessens the effect of the good writing by then telling us how all this fits into how he lives his life, using as many obscure references as possible, in an ongoing attempt to justify (to the reader or to himself?) the lifestyle he has created for himself. For example, he uses the above discussion to explain why he does not like to look at his own trading profit or loss statements. And he writes it in a way that shows he expects us to think he's brilliant or heroic for having such discipline. Very silly stuff....
Taleb describes his hero worship (of a philosopher named Popper) and it becomes clear that at least a partial goal of this book is to get the reader to revere (or emulate) Taleb the way he reveres (and tries to emulate) Popper. Unfortunately, it doesn't work that way.
Overall I found the probability discussion interesting, but not worth the tedium of having to listen as if the reader is Taleb's (badly needed) therapist.
Luckily for Taleb, he says directly in the book that he will ignore all reviews. I think you should be able to find a less tedious source for the bits of valuable information "Fooled By Randomness" provides without having to suffer the insufferable smugness of the author.
One big texas hedge (long implied volatility)1) There is good advice on avoiding some common mistakes that lead to "blowing up", which will prove useful to inexperienced market practitioners.
2) Taleb's own (claimed) trading methodology (buying OTM options) could easily fall victim to the "black swan" problem. A regime change to persistently higher implied than actual volatility would result in extended losses for his fund (unless he is bluffing us about its methodology).
3) Taleb only focuses on cases where volatility is underpriced - but some of the best opportunities come when it is overpriced, during market panics. Yet according to what he says in the book, one should continue buying such overpriced volatility! As someone whose bread and butter trade is fading market panics, I can confirm that premium selling can be highly profitable - the trick is to sell at the right time, and to employ risk control. Just because some practitioners are incapable of this, does not invalidate the method, any more than OTM options buying is invalidated because many naive speculators buy in a panic just before the VIX is about to collapse.
4) Taleb lumps MBA and businessmen types into the "fool" category. This misses the point. 99% of business is not about risk-assessment, dazzling insight, or grand strategic thought, but about successful *execution* of obvious ideas, and hard work. How many eggheads have had great ideas, but never done anything to put them into action? There is no point knowing that a beach bar in the Bahamas might be destroyed every 10 years by a hurricane, if you aren't even capable of raising capital, employing people, or working 16 hour days getting it off the ground. Good MBAs and CEOs will in any case employ people like Taleb to assess risk for them.
5) Taleb ignores the possiblity of using praxeological analysis (i.e. taking a set of demonstrable a priori truths, then using a logical train of deduction to discover what those truths necessarily imply about reality) to avoid the survivorship bias & noise problems. E.g. you can predict the effect of supply and demand on price without having to test it in the real world. This technique has been used by Murray Rothbard in economics (which has an even greater "non-falsifiability" problem than trading), and Warren Buffett in investing. As an example, you *can* judge if a good track record is "skill" or "luck", by examining the methodology of the trader/investor. If they operated solely during a period favourable to their style, it is probably luck e.g. if they made money buying emerging market bonds from 1994-1998. If they made a bucketload trading a style that was *against* the market regime, then it is almost certainly skill e.g. someone who made good returns as a shortseller of tech stocks from 1997-2000; or someone who has successfully sold premium during market panics. Since Taleb is a follower of Popper, and a hardened quant, it should come as no surprise that he is ignorant of praxeology, but it is a huge oversight all the same.
6) Taleb's scorning of Buffett as a lucky fool is ignorant in the extreme. Buffett clearly did *not* use naive analysis of past data to make his investment decisions, or rely on luck (he did well from 1969-82, a terrible period for equities). Rather he deduced highly probably consequences from demonstrable truths about investment (i.e. firms with pricing power, high barriers to entry, and low working capital requirements are likely to perform very well), and then saw that the market was not pricing these factors efficiently. Anyone reading his writings can see this. And Buffett's approach is ironically more rigorous and less dependent on luck than Taleb's professed trading methods. To elaborate - Taleb is relying on "black swan" events happening more often than people think. Therefore EITHER a reduction in the frequency of these events, OR an increase in people's expectation of them, would be enough to invalidate Taleb's approach - clearly neither can be ruled out. Taleb thinks he is betting on black swan events occuring, whilst ignoring the possibility of the "black swan" of major regime change making his own system unprofitable. Whereas with Buffet, the laws of supply and demand, and basic investment/economics, ensure that certain business methods will *always* work better than others.
To conclude - Taleb thinks he has a great idea, but it was already well known by most experienced market practitioners (see the Market Wizards books etc where multiple traders continually bang on about rare event risk and fat tailed probability distributions). He then goes on as if this idea is the only important thing, which is clearly not the case. Finally, he critiques some people, such as Buffett, who use totally rigorous methodologies, whilst himself employing a strategy that is by no means foolproof, and relies largely on past observation (data-mining!) to form its conclusions. All I can say is that he better watch out for the black swan of long-term declining volatility over the next decade!
Finally, I would just say that I found the book enjoyable, it's just that (luckily for future my P&L) Taleb hasn't got everything worked out just yet :) Looking forward to the follow-up Nassim!
Unconventional and thought-provoking.Practitioners with rigorous experience in the markets and who place importance in critical-thinking approaches will find value in the unconventional thought patterns presented in this book, and will make one think about the nature of one's past successes in the market and the biases inherent in one's methodologies to reach such success.
This is highly relevant for critical thinkers who (1) practice prudent money management rules and (2) speculate on the market.
For money management practioners, the concepts of bias exposure and the often-raised 'black swan' problem (i.e., no matter how many confirming data points you present, you can never really prove something is always right, but with only one contradicting piece of evidence, you can prove something is wrong) are central themes of the book, and increase one's awareness and ability to implement risk management methodologies to control for changing fundamental landscapes and the unexpected 'five-sigma' events (which occur more frequently than models suggest)--concepts alone that are worth more than the value of the book.
This book is also noteworthy for speculators who wish to develop an increased awareness of the nature of the 1-2% of your trades that can blow up a good chunk of one's entire equity. The mark of a mature speculator is one who learns that prevention of blow-ups can be far more valuable than an outright win. This book leads you further along that path.
From someone who lives and dies by the everyday decisions in the market, I highly recommend this book for your consideration.