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Against the Gods
Against the Gods: The Remarkable Story of Risk | Peter L. Bernstein
3 posts | 3 read | 4 to read
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
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Dostoyes
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After 10 years on my bookshelf, I‘ve finally read it. Bernstein set out to do two things - one fell short. Where he excelled was to weave a compelling narrative of ideas that explain our understanding of risk, through intuition to probability to predicting and managing risk. Where he fell short was in his attempt to argue that any sort of faith held us back from quantifying risk. It‘s a fine thesis but he failed to substantiate it with facts. 👇

Dostoyes Overall I do recommend it for those who love history, especially the history of ideas. he had a lot of fun describing the characters behind famous people we‘ve learned to view reverently like Pascal. 4y
Dostoyes Last tidbit, the cover photo is an amusing choice for a book on risk: a Rembrandt painting part of the famous robbery at the Isabella Stewart Gardner in Boston some years later. 4y
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Dostoyes
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Probably just a little too ambitious for one weekend, but hoping to finish the tagged book and final chapter of new edition of Paul Starr, which is a favorite.

quote
GoneFishing

The word 'risk' derives from the early Italian risicare, which means 'to dare'. In this sense, risk is a choice rather than a fate. The actions we dare to take, which depend on how free we are to make choices, are what the story of risk is all about. And that story helps define what it means to be a human being.