Gambling has held human beings in thrall for millennia. It has been engaged in everywhere, from the dregs of society to the most respectable circles.

- Peter L. Bernstein

The revolutionary idea that defines the boundary between modern times and the past is the mastery of risk: the notion that the future is more than a …

- Peter L. Bernstein

The essence of risk management lies in maximizing the areas where we have some control over the outcome while minimizing the areas where we have abso…

- Peter L. Bernstein

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 da…

- Peter L. Bernstein

What if I am wrong? Any rational investment plan has to start with that question.

- Peter L. Bernstein

The prospect of getting rich is highly motivating, and few people get rich without taking a gamble.

- Peter L. Bernstein

As the worldly philosophers of the past affirmed, the goal of economics is to improve the way society functions. In The New Financial Order, Robert S…

- Peter L. Bernstein

The Gods are unkind and deny us knowledge of what the future holds

- Peter L. Bernstein