Peter L. Bernstein's Against the Gods: The Remarkable Story of Risk PDF

Peter L. Bernstein's Against the Gods: The Remarkable Story of Risk PDF

By Peter L. Bernstein

ISBN-10: 0470534532

ISBN-13: 9780470534533

A enterprise Week, ny instances company, and united states at the present time Bestseller

"Ambitious and readable . . . an attractive advent to the oddsmakers, whom Bernstein regards as precise humanists assisting to free up mankind from the choke holds of superstition and fatalism." -The ny Times

"An terribly exciting and informative book." -The Wall highway Journal

"A vigorous panoramic publication . . . opposed to the Gods units up an bold premise after which supplies on it." -Business Week

"Deserves to be, and without doubt could be, greatly read." -The Economist

"[A] not easy publication, person who may possibly swap perpetually the best way humans take into consideration the world." -Worth

"No one else may have written a booklet of such primary significance with quite a bit attraction and excitement." -Robert Heilbroner writer, The Worldly Philosophers

"With his magnificent wisdom of the heritage and present manifestations of hazard, Peter Bernstein brings us opposed to the Gods. not anything love it will pop out of the monetary international this 12 months or ever. I converse conscientiously: nobody may still pass over it." -John Kenneth Galbraith Professor of Economics Emeritus, Harvard University

during this special exploration of the position of chance in our society, Peter Bernstein argues that the proposal of bringing danger below regulate is among the vital principles that distinguishes glossy instances from the far-off previous. opposed to the Gods chronicles the notable highbrow experience that liberated humanity from oracles and soothsayers via the strong instruments of hazard administration which are to be had to us today.

"An super readable heritage of risk." -Barron's

"Fascinating . . . this tough quantity may help the uncertainties that each investor needs to face." -Money

"A singular achievement." -Times Literary Supplement

"There's a turning out to be marketplace 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 might mingle good of their company." -The Australian

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Extra info for Against the Gods: The Remarkable Story of Risk

Sample text

Without numbers, risk is wholly a matter of gut. We live in a world of numbers and calculations, from the clock we squint at when we wake up, to the television channel we switch off at bedtime. As the day proceeds, we count the measures of coffee we put into the coffeemaker, pay the housekeeper, consult yesterday’s stock prices, dial a friend’s telephone number, check the amount of gas in the car and the speed on the speedometer, press the elevator button in our office building, and open the office door with our number on it.

Westerners collided with an Arab empire that had been launched at Mohammed’s urging and that stretched as far eastward as India. Christians, with faith in the future, met Arabs who had achieved an intellectual sophistication far greater than that of the interlopers who had come to dislodge them from the holy sites. The Arabs, through their invasion of India, had become familiar with the Hindu numbering system, which enabled them to incorporate eastern intellectual advances into their own scholarship, scientific research, and experimentation.

Frederick surrounded himself with the leading intellectuals of his age, inviting many of them to join him in Palermo. He built some of Sicily’s most beautiful castles, and in 1224 he founded a university to train public servants—the first European university to enjoy a royal charter. Frederick was fascinated with Liber Abaci. Some time in the 1220s, while on a visit to Pisa, he invited Fibonacci to appear before him. In the course of the interview, Fibonacci solved problems in algebra and cubic equations put to him by one of Frederick’s many scientists-in-residence.

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Against the Gods: The Remarkable Story of Risk by Peter L. Bernstein

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