Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Incerto)

Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (Incerto)

by Nassim Nicholas Taleb
Summary Notes

Trading: An Exciting and Rewarding Career

Nero Tulip was visiting the Chicago Mercantile Exchange when he saw a red convertible Porsche speed up to the entrance. A wild-looking man in his thirties jumped out and ran up the steps as if he were being chased. After a minute, a young man in a yellow jacket drove the car away and Nero was suddenly filled with a strong desire to pursue trading as a career.

Trading can be a great option for those who want an exciting and rewarding job. It provides the opportunity to make money and gain financial freedom, as well as learn about the markets and develop skills that can be used in other areas of life. Proprietary trading is especially attractive to those who value intellectual pursuits and don't want to do manual labor.

Nero was an academic who was looking for something more stimulating. He found a trainee spot on the Chicago Mercantile Exchange and eventually became a self-employed trader. He then moved to the New York area and worked for an investment house, specializing in quantitative financial products. He became well-known and in demand, but eventually stepped away from the spotlight and switched to proprietary trading, where he has been for the past ten years.

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