Against the Gods: The Remarkable Story of Risk
| Author | : | |
| Rating | : | 4.73 (559 Votes) |
| Asin | : | 0471121045 |
| Format Type | : | paperback |
| Number of Pages | : | 383 Pages |
| Publish Date | : | 2015-01-28 |
| Language | : | English |
DESCRIPTION:
I speak carefully: no one should miss it." -John Kenneth Galbraith Professor of Economics Emeritus, Harvard University In this unique exploration of the role of risk in our society, Peter Bernstein argues that the notion of bringing risk under control is one of the central ideas that distinguishes modern times from the distant past. Against the Gods chronicles the remarkable intellectual adventure that liberated humanity from oracles and soothsayers by means of the powerful tools of risk management that are available to us today. "An extremely readable history of risk." -Barron's "Fascinating this challenging volume will help you understand the uncertainties that every investor must face." -Money "A singular achievement." -Times Literary Supplement "There's a growing market for savants who can render the recondite intelligibly-witness Stephen Jay Gould (natural history), Oliver Sacks (disease), Richard Dawkins (heredity), James Gleick (physics), Paul Krugman (economics)-and Bernstein would mingle well in their company." -The Australian. A Business Week, New York Times Business, and USA Today Bestseller "Ambitious and
Must read One of my favorite books. I recommend to anyone who is interested in investing.The book shows how man see and try to manage risk throughout history. The book covers from the development of numbers to probabilityand up to complex financial instruments. By reading this book, you will have a better understanding of risk and appreciate all the battles andsacrifices to manage risk.. Ian Guard said Holy Smokes!!!!. Fantastic book. It's one of those "everybody should read it" books. Unfortunately, it was a little bit of work. I don't really know why because the way Bernstein presented the history of risk management through the history of math and, in particular, probability was truly amazing. In fact, I think the way Bernstein develops the topic through people and their discoveries up to . how much I love this book! Flavio Tosi - Business Exploration When I read this I was working on a Risk Management project that aimed to put under control a portfolio of 150 projects, worth 1 billion Dollars. Each project was broken down in 10 to 20 milestones, and the goal was to be able to predict quarterly cash collections.I was trained on statistics, SPC, Project Management etc etc, but I felt that something was missed in the classica
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. 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.