Against the Gods: The Remarkable Story of Risk by Peter L. Bernstein

Against the Gods: The Remarkable Story of Risk

byPeter L. Bernstein

Kobo ebook | September 11, 2012

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A Business Week, New York Times Business, and USA Today Bestseller

"Ambitious and readable . . . an engaging introduction to the oddsmakers, whom Bernstein regards as true humanists helping to release mankind from the choke holds of superstition and fatalism." -The New York Times

"An extraordinarily entertaining and informative book." -The Wall Street Journal

"A lively panoramic book . . . Against the Gods sets up an ambitious premise and then delivers on it." -Business Week

"Deserves to be, and surely will be, widely read." -The Economist

"[A] challenging book, one that may change forever the way people think about the world." -Worth

"No one else could have written a book of such central importance with so much charm and excitement." -Robert Heilbroner author, The Worldly Philosophers

"With his wonderful knowledge of the history and current manifestations of risk, Peter Bernstein brings us Against the Gods. Nothing like it will come out of the financial world this year or ever. 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
Title:Against the Gods: The Remarkable Story of RiskFormat:Kobo ebookPublished:September 11, 2012Publisher:WileyLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0470534532

ISBN - 13:9780470534533

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Rated 4 out of 5 by from Risk and the Stock Market As we all know there are many kinds of risks. In this book, the author focuses mainly on risks associated with the world of finances, mainly the stock market and economics. After an interesting overview of the history of risk and its measurement, particularly regarding gambling, the author gradually steers his efforts towards analyzing human behaviour in the face of the risks involved in investing. There is much in this regard predominantly concerning the later quarter of the twentieth century (the book was published in 1996). From my limited perspective, he seems very thorough in this analysis by including the often (seemingly) contradictory psychological aspects of gains and losses involved in investing mainly in the stock market. Stock market tools, products and behaviour are extensively discussed. Overall, I found the historical parts of this book to be quite interesting, particularly the mini-biographies of the pioneers and the development of probability and statistics. However, I was much less engrossed by the detailed stock market discussions which dominate in roughly the second half of the book. The prose is clear, lively and authoritative, but, in my view, overly detailed on investing-related matters. Readers with a passion for investing and the associated risk (and its history) would likely be those who would enjoy this book the most.
Date published: 2015-07-24
Rated 5 out of 5 by from Brilliant Did you ever wonder about the people whose names are sprinkled in the statistical books used for courses in the universities. Why did they come up with such formulae, what was their motivation, and their objective. Well now Against the Gods attempts to open up secrets about these individuals.
Date published: 2003-07-03
Rated 3 out of 5 by from In light of recent events... Great anectdotes of famous mathematicians...but he credits Black/Shcoles too heavily...consider the recent turn of events at Long Term Capital, which some are now calling "Wrong Turn Capital"!. An enjoyable writer whose style brings math to life!
Date published: 1998-10-31