• Against the Gods: The Remarkable Story of Risk

    linked to by 8 published by Wiley on Sat 1st Aug 98
    Peter L. Bernstein

    ISBN 0471295639

    With the stock market breaking records almost daily, leaving longtime market analysts shaking their heads and revising their forecasts, a study of the concept of risk seems quite timely. Peter Bernstein has written a comprehensive history of man's efforts to understand risk and probability, beginning with early gamblers in ancient Greece, continuing through the 17th-century French mathematicians Pascal and Fermat and up to modern chaos theory. Along the way he demonstrates that understanding risk underlies everything from game theory to bridge-building to winemaking.
  • Posts discussing this item

    • This Time its Different*

      posted to The Big Picture on Sat 20th Jun 09

      I have often written that the four most dangerous words in the investment world are “This Time It’s Different.” If memory serves me, I have written several e-letters disparaging various personages who have uttered those very words, and gone

    • Praise for Peter Bernstein

      posted to The Aleph Blog on Thu 18th Jun 09

      I have learned a lot from the late Peter Bernstein. I remember a piece of his entitled (something like), “What is Liquidity?” where he described liquidity as the ability to change your mind or request a do-over. Bright guy, and one who focused on

    • Peter L. Bernstein (1919-2009)

      posted to Organizations and Markets on Mon 15th Jun 09

      | Peter Klein |I was saddened to learn (from Kenneth Anderson) that Peter L. Bernstein, author of Against the Gods: The Remarkable Story of Risk and other popular works, died June 5. Bernstein was a terrific writer and a clear and provocative thinker with a

    • Peter Bernstein, R.I.P.

      posted to Alea on Tue 9th Jun 09

      Against the Gods: The Remarkable Story of Risk is one of my favorites book. End of an era, P.B. will be missed.The continuing relevance of Peter BernsteinPeter L. Bernstein, Explainer of Stock Risks, DiesRIP Peter BernsteinPeter L. Bernstein Dies, Proponent

    • Peter Bernstein: Dead at Age 90

      posted to Paul Kedrosky's Infectious Greed on Tue 9th Jun 09

      I somehow missed this news over the weekend, but investor and economic historian Peter Bernstein has died. He was 90. Whatever you might think of Bernstein's popularizing of efficient market theory, or of his political views, he was a graceful writer and a

    • Taleb and Kahneman in Germany

      posted to Falkenblog on Sat 14th Feb 09

      see video here.A couple quick comments. Taleb noted that he would not speak to the US based Chartered Financial Analyst meeting unless they stopped teaching Modern Portfolio Theory. They did not, so he withheld his eminence. Now, first, this is an absurd request,

    • When Should the Fed Bailout the Economy?

      posted to The Big Picture on Sun 11th May 08

      Peter Bernstein, author of such books as Against the Gods: The Remarkable Story of Risk, has an interesting piece in the Sunday NYT, titled, When Should the Fed Crash the Party?."In the darkest days of the Depression, Treasury Secretary Andrew W. Mellon, one

    • An Old Hand Speaks

      posted to Financial Armageddon on Sun 27th Apr 08

      I admit it. I'm a sucker for interviews with Wall Street's old hands. You know, the guys who've been around awhile -- who've seen a few things in their time.In other words, the individuals who've got the kind of hard knocks, real world, hands-on experience

    • pklein

      posted to Organizations and Markets on Sat 1st Mar 08

      | Peter Klein |Here is Peter Bernstein, author of the terrific books Capital Ideas and Against the Gods, interviewed by Tom Keene of Bloomberg’s On the Economy series.

    • Peter Bernstein interview

      posted to Anti-Dismal on Sun 2nd Mar 08

      Peter Bernstein, author of Capital Ideas and Against the Gods, is interviewed by Tom Keene of Bloomberg's On the Economy series here.(HT: Peter Klein at Organizations and Markets)