Bernsteins book is divided into fivetime sections through which the story of risk gets discussed. Bernstein begins with ancient times and traces the history of numbers and probability leading eventually to todays seemingly complex financial world of portfolio theory, derivatives, and risk management techniques. Chronologically, the book begins in ancient times and stretches all the way to the present, where bernstein delves. Business economists in the financial field will find this book an especially useful source of information, while economists in general will find it a refreshing discussion of many topics directly related to their daily work. What are some important takeaways from against the gods. John kenneth galbraith professor of economics emeritus, harvard university no one else could have written a book of such. It is a book about the history of managing risk in a financial, quantitative sense, which meant that i had studied most of the mathematical theories. The remarkable story of risk new ed by bernstein, peter l. Only 10 pages in, i felt compelled to go to wikipedia to learn who peter l bernstein is. The remarkable story of risk ebook written by peter l. Chronologically, the book begins in ancient times and stretches all the way to the present, where bernstein delves into the works of modern day risk luminaries. Bernsteins book looks at the role of risk in society and the history of evolving. The book provides an outline of all the key players and their contribution to risk theory and management.
The remarkable story of risk paperback unabridged, august 31, 1998. The remarkable story of risk book online at best prices in india on. Peter bernsteins latest book, against the gods the remarkable story of risk, establishes his standing as americas preeminent scholarpractitioner in the field of finance. Jan 16, 2016 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. Against the gods robert talks with peter bernstein about his book, against the gods. The washington post book world, september 20, 1998. The flipside of the investing coin, which nobody can avoid entirely. Book summary of against the gods digging for value. We have designed it so that you can directly participate in the process. The book goes through the early years of probability and comes full circle to the present day.
The suggestion that i write a book about risk came from the late erwin. Peter fortune rationally economizes for the boston fed. Download for offline reading, highlight, bookmark or take notes while you read against the gods. Pdf against the gods download full pdf book download.
Bernstein was an american financial historian, economist and educator. This book is about how our perception of risk, especially with respect to decisions with financial outcomes, advanced rather slowly from ancient times to the present. Everyday low prices and free delivery on eligible orders. With his wonderful knowledge of the history and current manifestations of risk, peter bernstein brings us against the gods. The remarkable story of risk, a book about risk management and probability. The remarkable story of risk is an american author. Risk management, which assumes that future risks can be understood, measured and to some extent predicted, is the focus of this solid, thoroughgoing history. Bernstein begins with ancient times and traces the history of numbers and probability leading eventually to todays seemingly complex financial world of portfolio theory, derivatives, and. The book is a long and exciting journey that tracks ideas about risk from their distant beginnings to those current today.
Advance praise for against the gods with his wonderful knowledge of the history and current manifestations of risk, peter bernstein brings us against the gods. The book is described as, a comprehensive history of mans efforts to. Bernstein a business week, new york times business, and usa today bestsellerambitious and readable. It talks about the development of statistical sampling and other various techniques used to quantify events. Peter l bernstein against the gods, a narrative that reads like a novel, chronicles the remarkable intellectual adventure that liberated humanity from the oracles and soothsayers by means of the powerful tools of. Against the gods appeared in the washington is also reading. The remarkable story of risk traces not only their relationship, but the complete history of mans understanding of probability and risk and the lives of the many thinkers who explored it. The present book report against the gods the remarkable story of risk analysis argues that capitalism originated from the mathematics of chance or risk. The remarkable story of risk discusses the history of risk management. The economista challenging book, one that may change forever the way people think about the world. The remarkable story of risk by peter l bernstein online at alibris.
I came across this book when i was searching for a book that covers the history of reinsurance industry. And if you are also a reality type of person who likes the things in the reality more than the fiction things. Nov 12, 2017 in against the gods, peter bernstein guides the reader through the risk terms origins and development, ranging from the th century to the present days perception of said concept. Reinsurance in its simplest form is an insurance bought by an insurance company to spread the risk.
Find all the books, read about the author, and more. Booz prize for the most insightful, innovative management book published in 1996. He was born rich, attended the best schools, knew the leading mathematicians, statisticians and risk experts of his age, and contributed significantly to the literature himself. Against the gods is a book outlining the history of risk. The remarkable story of risk, a book about risk management and probability, on the redchip money report.
The remarkable story of risk pdf, epub, docx and torrent then this site is not for you. 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. 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. Nothing like it will come out of the financial world this year or ever. Together with his highly successful predecessor, capital ideas the improbable origins of modern wall street the free press, new york, 1992. Against the gods, a narrative that reads like a novel, chronicles the remarkable intellectual adventure that liberated humanity from the oracles and soothsayers by means of the powerful tools of risk management that are available to us today. It chronicles the development of the risk management system. The book is described as, a comprehensive history of mans efforts to understand risk and probability, from ancient gamblers in greece to modern chaos theory. Peter lewyn bernstein is not only a very good author but he is a very good economist, educator as well as a very good financial historian as well.
The book follows the development of modern elementary mathematics, probability, distribution, risk management, game. Against the gods the remarkable story of riskanalysis book. Bernstein executive summary as a former mathematics and classics student, i was intrigued by the books early discussion of risk from a perspective ranging from the time of cave dwellers to ancient grecoroman philosophers. If youre looking for a free download links of against the gods. Together with his highly successful predecessor, capital ideas the improbable origins of modern wall street the free press, new york, 1992, bernstein has laid out a remarkably insightful and entertaining history of the. Worthno one else could have written a book of such central importance with so much charm and. The remarkable story of risk now with oreilly online learning. Business weekdeserves to be, and surely will be, widely read. The author tells the story of a group of thinkers whose vision revealed how to put the future at the service of the present. Against the gods sets up an ambitious premise and then delivers on it. The remarkable story of risk 9780471295631 by bernstein, peter l. Bernstein believes that we are rational as far as it goes. A business week, new york times business, and usa today bestseller ambitious and readable.
With the stock market breaking records almost daily, leaving long. The book is a cavalcade of portraits that depict how famous mathematicians, philosophers and psychologists paved the way for the. Against the gods the remarkable story of riskanalysis. The remarkable story of risk is that rare book that turns the most profound issues of our time into pure reading pleasure. Download file to see previous pages his main argument is that the study of risk has underlined everything in modern day life from bridgebuilding to game theory to winemaking.