"An extremely readable history of risk." Use up arrow (for mozilla firefox browser alt+up arrow) and down arrow (for mozilla firefox browser alt+down arrow) to review and enter to select. This revelation has revolutionized Wall Street and business, and its effects are still felt today. Wisdom comes from knowing a little about everything.
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 …
modern society different from the past is the mastery of risk.
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. Enabling JavaScript in your browser will allow you to experience all the features of our site. The book is described as, "A comprehensive history of man's efforts to understand risk and probability, from ancient gamblers in Greece to modern chaos theory. Current price is $19.75, Original price is $21.95.
battle against the forces of fate.
. Adam Smith explained the motivation: “The overweening conceit which the greater part of men have of their own abilities [and] their absurd presumption in their own good fortune.” Smith knew that risk taking propelled economic progress, but he feared what would happen when this propensity went too far. He was Charles Darwin’s first cousin. "-The Washington Post Book World, September 20, 1998, ©1997-2020 Barnes & Noble Booksellers, Inc. 122 Fifth Avenue, New York, NY 10011, Submit your email address to receive Barnes & Noble offers & updates.
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They didn’t care about samples, they wanted concepts that would apply everywhere, in every case. this challenging volume will help you understand the uncertainties that every investor must face.MoneyA singular … But a higher return can compensate for greater volatility if the total stock return is sufficiently high. of the gods. Against the Gods: The Remarkable Story of Risk « on: August 17, 2020, 01:51:59 PM » The inalienable law of investment is that the greater your possible rewards, the greater the risk. Hardcover, Paperback, NOOK Book. Markowitz thought that variance was the key method of measuring risk.
We enter this battle because we think Lady Luck is on our side. The Greeks refused to accept anything that was passed down to them by older societies.
With the help of
These thinkers include Francis Galton, who introduced regression to the mean in 1875. Build Your Kids' Library: Buy 1, Get 1 50% Off, Grow Your Child's Library with Top Young Reader Series, Learn how to enable JavaScript on your browser. If faced between a choice of investing in the S&P 500 or a 30-year Treasury bond, the investor should go with the latter because bonds have a lower standard deviation.
"An extremely readable history of risk." search of the light in the darkness, that converted the future into an opportunity,
and in each epoch, influenced by the dominant ideology of the time, we have dealt Against the Gods: The Remarkable Story of Risk by Peter Bernstein is a book about man’s constant battle against the forces of fate. Against biologists, and economists.
Uh-oh, it looks like your Internet Explorer is out of date. Harry Markowitz demonstrated, in 1952, why putting all your eggs in one basket was a bad idea, and why diversification was the closest an investor could ever come to a free lunch. countless mathematical tinkering from a group of thinkers with remarkable AGAINST THE GODS appeared in the "Washington Is Also Reading..." section of The Washington Post Book World.
These thinkers, like Prometheus, have defied the gods and went in Against the Gods: The Remarkable Story of Risk discusses the history of Risk Management. 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.
perceptions of risk by focusing on paradigm shifting ideas from mathematicians, It talks about the development of Statistical Sampling and other various techniques used to quantify events. rather than an enemy. You can view Barnes & Noble’s Privacy Policy.