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 whim of the gods and that men and women are not passive before nature.
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
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
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 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 …
The prospect of getting rich is highly motivating, and few people get rich without taking a gamble. - Peter L. Bernstein
The prospect of getting rich is highly motivating, and few people get rich without taking a gamble.
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
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.
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 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…
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
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…
What if I am wrong? Any rational investment plan has to start with that question. - Peter L. Bernstein
What if I am wrong? Any rational investment plan has to start with that question.
The Gods are unkind and deny us knowledge of what the future holds - Peter L. Bernstein
The Gods are unkind and deny us knowledge of what the future holds
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